Developer Chancerygate has paid in the region of £3 million for a 5.4 acre plot in Wigston, Leicestershire, which it intends to speculatively develop as a mid-box warehouse scheme.
The 127,925 sq ft project will comprise 16 units ranging in size from 3,725 sq ft to 18,350 sq ft and have a gross development value of £16.8m.
The vacant site was previously home to Food Hub Leicester’s main facility before it was demolished in 2018.
Property agents Avison Young advised Chancerygate on the site’s acquisition while Innes England acted on behalf of the vendor.
