New 156,797 sq ft warehousing space to be built in Aston Clinton
The warehouse looks set to hold 15 units.
An 8.9-acre site on College Road North in Aston Clinton is set to become 156,797 sq ft of new build light industrial and warehousing space
The developers say it will have "a gross development value of £25m."
Industrial developer Chancerygate, which has an office in Milton Keynes, has acquired the site and intends to speculatively develop 15 units ranging from 4,370 sq ft to 41,366 sq ft.
Chancerygate acquired the site off-market from Aston Clinton-based Midwinter Property Holdings for an undisclosed sum.
The developer expects to submit a planning application for the site to Buckinghamshire Council in the second quarter of the year.
The site will be located next to the Mercedes-Benz and Jaguar dealerships on the Aston 41 scheme, with quick access to the A41 and Junction 20 on the M25.
Chancerygate development manager, Matthew Young, said: “We’re very pleased to complete the acquisition. It means we can now bring forward our plans to provide a speculative development that will deliver much needed Grade-A light industrial and warehousing accommodation for the area.
“The regional market for industrial property is buoyant and we’re seeing demand for our high-quality industrial space continue to rise. Our units will meet the requirements of a wide range businesses in the area and provide a real boost for jobs and industry in and around Aston Clinton.”