A developer is speculatively building a new logistics scheme off the A14 in Newmarket.

Chancerygate has purchased a 2.48 acre former manufacturing site on Exning Road and is planning to speculatively build 51,000 sq ft of Grade A urban logistics space.

It plans to build 10 units ranging from 3,595sq ft to 6,685sq ft on the site - which lies two miles from the A14 - which will be available on both a freehold and leasehold basis.

Once complete, the scheme will have a gross development value of around £11.5m.

The site was formerly home to an electronics and displays manufacturer for aerospace, military, transport, telecommunications, computer, medical and industrial applications.

The scheme - which lies close to Screwfix, Toolstation, Travis Perkins and Evri - will benefit from cycle storage, electric vehicle charging points and solar cells to provide green energy "on an affordable basis" to occupiers, said Chancerygate.

The units will also have enhanced roof lighting to increase levels of natural daylight and be constructed from high-performance building materials to reduce CO2 emissions. The scheme is targeting an EPC A and BREEAM Excellent rating.

Chancerygate senior development director George Dickens said: “This site presents a great opportunity to open up a former manufacturing location to new employment uses.

“We continue to see strong demand for flexibly sized, high-quality and sustainable urban logistics accommodation in strategic regional locations.

“Our proposed development will help satisfy this demand and provide a long-term economic asset for the locality and the wider Cambridgeshire, Suffolk and Norfolk regions.

“Chancerygate look forward to working with West Suffolk District Council to deliver planning consent for this exciting new development.” 

Chancerygate, which was founded in 1995, is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide from offices in  London, Warrington, Birmingham and Bristol.

It currently has more than 2.65m sq ft of industrial space under construction or ready for development across 19 sites from Edinburgh to Chichester.

Chancerygate was advised on the site acquisition by East Anglian estate agents Cheffins.