Developer plans £40 million expansion to Poynton industrial estate

Commercial property developer, Chancerygate, has acquired Avro Business Park in Poynton and revealed intentions to deliver a £40 million of industrial and warehousing space.

Via a joint venture with Bridges Fund Management, Chancerygate has acquired the Avro Business Park for an undisclosed sum from Quorum Property Group, the developers behind rejected proposals for an expansion to Bredbury Industrial Estate.

Following the purchase, the development partners are set to bring forward plans for 18 warehouse and industrial units on the business park, ranging from 7,000 to 24,500 sq ft, providing additional employment space to add 250 new jobs to the local economy. The scheme, totalling 165,000 sq ft grade A industrial floorspace, will be immediately adjacent to the Poynton Relief Road, due to complete later this year, that will benefit the site with a direct link to Manchester Airport and wider motorway network.

Chancerygate Development Director Chris Brown said:

“We know there is strong demand for multi-unit industrial space from a wide array of occupiers across south Manchester and the wider region.

“Avro Business Park will help to satisfy and facilitate this demand while enabling up to 250 jobs for the local area. We look forward to submitting plans for the site to Cheshire East Council soon.

“The new £53m Poynton Relief Road will be hugely beneficial to Avro Business Park. It will directly connect the development to the airport and the M56, providing excellent connectivity to the wider Cheshire and Manchester markets.”

Guy Bowden, Partner at Bridges Fund Management, said:

“Bridges and Chancerygate have shown on multiple occasions that there is strong demand from progressive local employers for high specification sustainable industrial developments – which ultimately helps to create jobs and support the growth of the local economy.”