Vale Park, Evesham, Worcestershire, WR11 1GT
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Atlas Real Estate has recently acted on behalf of Chase Commercial to agree a forward funding of a 3-unit mid-box scheme in Evesham.
Chase Commercial, one of the region’s leading developers, has agreed a circa £20 million forward funding agreement with Copley Point Capital on behalf of their Block Industrial platform for the development of 3 high quality mid-box units at Vale Park, Evesham.
The three-unit scheme will total 168,000 sq. ft. and is expected to be ready for occupation by Q3 2023. Each unit will be built to high environmental standards including photovoltaic solar panels and EV charging points.
As part of the transaction, Copley Point Capital acquired land totalling 28 acres with planning permission for the development of a further 290,000 sq. ft. of warehousing.
Andrew Franck-Steier commented “We are delighted to have concluded the funding of this development on behalf of valued clients in a turbulent market. Chase will be delivering best in class product and I am sure that occupier interest in the scheme will be very strong”.
BSB acted for Copley Point Capital.
