A MULTI-MILLION pound industrial site which will “support economic growth” in Witham has been completed.

Developer Chancerygate has completed work on its 59,000 sq ft Grade A urban logistics and industrial scheme.

Called Freebournes Park, the development comprises of ten warehouse and industrial units ranging from 4,400 sq ft to 7,050 sq ft which are available on a freehold and leasehold basis.

The scheme cost £13.5m.

Located on the established Freebournes Road Industrial Estate, the development is also well connected off the A12 and will serve Witham, Braintree and Maldon, as well as sitting within the catchments of both Chelmsford and Colchester.

The M25 can also be accessed from the scheme in under 30 minutes at Junction 28. 

All the units at Freebournes Park feature electric vehicle charging points, secured cycle parking and 15 per cent roof lighting.

In addition, the units are constructed from high-performance building materials to reduce CO2 emissions.

The scheme will achieve BREEAM rating of Very Good and all units have achieved a minimum EPC rating of B.

Chancerygate development manager Matthew Young said: “Freebournes Park is a fantastic example of Chancerygate’s vision, turning a formerly vacant site into an urban logistics and industrial hub which will support economic growth in Witham and the locality.

“There has been limited speculative development along the A12. Our new development will provide a variety of occupiers with high-quality, well-sized accommodation that meet modern-day business requirements which the area currently lacks.

“We are pleased to have achieved practical completion at the scheme and bring brand-new energy efficient units to the market to enable local and regional businesses to grow and thrive.”

Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.

The company has offices in London, Warrington, Birmingham, Bristol, and Milton Keynes.

It currently has more than 3.2m sq ft of industrial space under construction or ready for development across 24 sites ranging from Bournemouth to Edinburgh.

Agents for Freebournes Park are property consultancy Lambert Smith Hampton and commercial property agents Coke Gearing.

For more information visit www.chancerygate.com.