Triton Construction has secured a £8.6 million contract to deliver a new scheme of industrial/warehouse units in Oldham for urban logistics property developer Chancerygate.
It is Triton’s fourth contract in the North West for Chancerygate and follows the successful completion of phase two at Mersey Reach logistics site in Liverpool. Ongoing projects in Congleton and Knutsford take the total contract value to over £25 million for Triton in the last 12 months.
Broadway Central, on Lydia Becker Road in Oldham, is strategically located just 1.5 miles from junction 21 of the M60 and Junction 20 of the M62. It is a speculative scheme of eight urban logistics and industrial units comprising seven properties across two terraces. Theserange from 7,600 sq ft to 18,200 sq ft, and one stand-alone unit of 27,000 sq ft.
Triton is contracted to deliver a full turnkey solution for the scheme including groundworks to prepare the site and full design and build to incorporate offices and yard space. It is also delivering external works to include landscaping, car parking, lighting and drainage.
Environmental features include PV panels for all units, low air permeability design, high performance insulated cladding and roof materials, warehouse roof lights to increase natural light, secure cycle parking and electric vehicle charging points. The scheme is expected to achieve BREEAM rating ‘Very Good’ on completion in summer 2023.
Triton is also currently on site delivering a £7 million scheme of ten industrial units at Norse Trade Park in Congleton for Chancerygate, with completion due in November 2022. A further scheme of nine industrial units at Novus Phase 2 in Knutsford for Chancerygate is due for hand over by Triton in December 2022.
Earlier this year, Triton completed the design and build of phase two for Mersey Reach, Aintree, 102,000 sq ft in total which comprises twelve new buildings ranging from 4,050 sq ft to 29,650 sq ft. Chancerygate has since secured an investment sale for the site.
Chancerygate appointed Triton to delivery all four developments on the back of its extensive credentials in delivering high quality, value engineered industrial and logistics-based developments.
Andy Farrer, development manager at Chancerygate, said: “We’re pleased to have construction now underway at Broadway Central with Triton Construction as our appointed contractor.
“This is the fourth development that Triton Construction has built for Chancerygate in the North West, which is a testament to the teams’ ability and commitment when it comes to delivering Grade A industrial units.
“We look forward to working with Triton Construction again to build much-needed urban logistics accommodation that will serve the needs of businesses in the region.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.
The company currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh. Chancerygate offers units to occupiers on both a freehold and leasehold basis.
Paul Clarkson Managing Director at Triton Construction said,
“We are delighted to secure our fourth contract with Chancerygate as one of the UK’s most active logistics space developers of exceptional logistics space. Since our first venture at Mersey Reach we have demonstrated our ability to deliver fast track, turnkey solutions, keeping pace with the fast growing demand and delivery commitments for high quality logistics space.”
“Our presence in the North West is expanding rapidly and with this project, together with our other successful achievements such as the refurbishment of the iconic Royal Liver Building in Liverpool and the radical new Big Yellow self-storage building in Manchester, we are making great progress in achieving our planned growth potential.”
Triton Construction is a £65 million turnover company providing design and build, civils, fit out and refurbishment services. Established for more than 17 years it employs over 80 people across offices in the North West and Yorkshire.
Its logistics scheme credentials are considerably strong with key projects including the 185,000 sq ft scheme at Stakehill 185 in Manchester for Patrick Properties and a 76,000 sq ft scheme in Birstall, West Yorkshire for Mileway. Other projects include Big Yellow, Production Park, Econ Engineering, Kemira Chemicals, Gordon Rhodes Foods, Chancerygate, Tech Folien and Home Bargains.
The company also manages in excess of £325m of assets across more than five million sq ft of commercial space in over 460 units.
Chancerygate has offices in London, Warrington, Birmingham, Bristol and Milton Keynes.
For more information visit www.chancerygate.com