Developer Chancerygate and specialist sustainable and impact investor Bridges Fund Management have achieved practical completion on a 90,000 sq ft Grade A sustainable urban logistics development in Hayes.
Called Harlequin Business Park and situated on Southall Lane, the development comprises nine leasehold units ranging from 5,000 sq ft to 40,000 sq ft.
Following the completion of works, Chancerygate and Bridges have sold the scheme to property investment firm Ableprop. All values relating to the transaction are undisclosed.
Harlequin Business Park sits in an established industrial location near the Beaver Industrial Estate, International Trading Estate and Western International Market.
The site benefits from excellent road connectivity with junction three of the M4 motorway less than one mile away and four miles from the A40.
The development features electric vehicle charging points with the ability to add more based on future requirements. In addition, all properties feature air source heat pumps and solar panels on their roofs which provide affordable green energy to run the buildings.
The units are also constructed from high-performance insulative materials with controlled air tightness which reduces CO2 emissions and increases energy efficiency. These features have enabled the scheme to achieve an EPC A+ and BREEAM Excellent rating and will support it being a net zero carbon for regulated energy scheme.
Chancerygate development director, Tom Faulkner, said: “Harlequin Business Park will meet the growing demand from occupiers in the Heathrow area and Greater London for flexibly sized, high specification accommodation with strong sustainability credentials.
“Its strategic positioning near established industrial locations and key infrastructure connectivity enables occupiers to serve markets easily throughout the locality and the wider South East region.
“The sale of Harlequin Business Park to Ableprop also evidences how our product’s characteristics and strategic positioning is attractive to both investors and occupiers.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and investment manager and the only one operating nationwide.
The company currently has more than 1.41m sq ft of industrial space under construction or ready for development across 11 sites ranging from Edinburgh to Croydon.
Bridges is a specialist sustainable and impact investor. Its property funds focus on sectors that support the transition to a more sustainable
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