Developer Chancerygate and specialist sustainable and impact investor Bridges Fund Management have achieved practical completion on a 132,000 sq ft sustainable urban logistics and trade park on Bankhead Avenue in Sighthill, Edinburgh.
The scheme comprises 18 high specification units ranging from 2,770 sq ft to 17,077 sq ft and has a gross development value of around £35m.
Occupiers at Capital Park already include national builders’ merchant Travis Perkins, workplace technology provider Agilico, and mobile phones and accessories wholesaler Zavi Tech.
A further three units at Capital Park are currently under offer, meaning 50 per cent of space at the development is now let or under offer.
The remaining units are available on a leasehold basis and range from 2,770 sq ft to 12,966 sq ft, with the option to combine units.
Capital Park is approximately five miles from Edinburgh city centre and in close proximity to the A720 and M8. Neighbouring occupiers to Capital Park include Evans Halshaw, Tool Station, Edinburgh College, Edinburgh Napier University and Burton Biscuit Company.
Units at the development benefit from electric vehicle charging points, low air permeability design and a majority feature solar panels, which provide green energy on an affordable basis to occupiers.
In addition, the units are constructed from high-performance insulated cladding and roof materials to reduce CO2 emissions. These features have enabled the scheme to achieve an EPC A and BREEAM Very Good rating.
Chancerygate Development Manager, Andy Farrer, said: “Our intention is to always deliver market leading urban logistics and trade counter assets. Capital Park is testament to this approach and we believe the development is an exemplar of this type of accommodation within Edinburgh.
“We have embraced the latest technologies to achieve high quality, sustainable buildings, located strategically to benefit occupiers who demand the best of both.
“We are very pleased to be 50 per cent let or under offer and we look forward to announcing other businesses keen to take advantage of all that Capital Park has to offer.”
Chancerygate is the UK’s largest urban logistics property developer and investment asset manager and the only one operating nationwide.
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