A joint venture (JV) partnership between developer Chancerygate and Bridges Fund Management. has purchased a 12-acre former automotive component manufacturing site in Erdington, Birmingham, to speculatively build 300,000 sq ft of Grade A urban logistics and industrial space.  

The partners intend to develop 300,000 sq ft of space across 26 leasehold units ranging from 5,000 sq ft to 60,000 sq ft. Once complete, the development will have a gross development value of £85m.

Rob Watts, Chancerygate development manager, said: “Acquiring what is regarded as one of the most prominent sites in Birmingham is a huge statement of intent for our partnership with Bridges and underlines our strong belief in the urban logistics sector. 

“There is unsatisfied demand for high-specification units in prime locations within the city. We aim to address this through the regeneration of a redundant building into new Grade A sustainable accommodation which is fit for purpose for a range of prospective occupiers.” 

The proposed development will be located on Chester Road in Erdington and is in close proximity to both junction 5 and 6 of the M6.