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Chancerygate and Bridges get green light for Birmingham logistics scheme | Property Week

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Torque Development: A Major Leap in Birmingham’s Logistics Landscape

Introduction to Torque Development

In a significant milestone for the logistics and industrial property sector, Chancerygate and Bridges Fund Management have secured planning approval for a major logistics development in Birmingham. Named Torque Development, this ambitious project will deliver 22 high-quality leasehold warehouses, ranging in size from 4,500 square feet to 66,000 square feet. The scheme is poised to become a key player in addressing the growing demand for modern, flexible logistics and industrial space in one of the UK’s most strategically important regions. This article explores the details of the development, its strategic significance, and the broader implications for the logistics industry.

Strategic Location and Connectivity

Situated in Birmingham, a city renowned for its central location and excellent connectivity, Torque Development is ideally positioned to serve businesses operating across the UK. Birmingham’s proximity to major transport networks, including the M6, M5, and M42 motorways, as well as its rail connectivity, makes it a prime location for logistics and distribution operations. The development will cater to a wide range of businesses, from e-commerce firms to third-party logistics providers, offering them the opportunity to establish or expand their operations in a highly accessible location.

Meeting the Demand for Modern Logistics Space

The UK logistics sector has experienced unprecedented growth in recent years, driven by the rise of e-commerce, the need for faster delivery times, and the increasing importance of supply chain resilience. However, this growth has been accompanied by a severe shortage of modern, high-quality logistics space. Torque Development aims to bridge this gap by providing 22 warehouses that are designed to meet the needs of contemporary logistics operations. With unit sizes ranging from 4,500 to 66,000 square feet, the scheme offers flexibility to accommodate businesses of varying sizes and requirements.

Sustainability and Future-Proof Design

In line with the growing emphasis on sustainability in the property sector, Torque Development will incorporate a range of eco-friendly features. The warehouses will be designed to high environmental standards, with energy-efficient systems and materials that minimize carbon emissions. Additionally, the development will prioritize occupier well-being, with features such as natural light, modern amenities, and safe working environments. These design elements not only align with the expectations of modern occupiers but also contribute to the long-term sustainability of the development.

A Joint Venture with a Shared Vision

Torque Development is the result of a collaborative effort between Chancerygate and Bridges Fund Management, two reputable names in the UK property market. Chancerygate, a leading industrial property developer, brings its expertise in delivering high-quality logistics and industrial space, while Bridges Fund Management contributes its experience in sustainable and impactful investing. This joint venture reflects a shared commitment to creating a development that not only meets the current needs of the logistics sector but also supports long-term economic growth and environmental sustainability.

The Broader Significance of Torque Development

The approval of Torque Development is a testament to the continued strength of the UK logistics market and the importance of Birmingham as a logistics hub. By providing much-needed industrial space, the scheme will support job creation, economic growth, and the resilience of supply chains in the region. Furthermore, the development aligns with the UK government’s goals of leveling up regional economies and achieving net-zero carbon emissions. As the logistics sector continues to evolve, projects like Torque Development will play a pivotal role in shaping its future.

In conclusion, Torque Development represents a significant step forward for Birmingham’s logistics landscape, offering high-quality, sustainable, and flexible industrial space to meet the demands of a rapidly changing market. With its strategic location, collaborative approach, and commitment to sustainability, this development is set to make a lasting impact on the region and the wider logistics industry.

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