Developers secure planning for Redditch scheme
The joint venture between Chancerygate and global real estate investor, developer and manager Hines has secured planning for a 133,500 ft2 Grade A urban logistics development in Redditch.
By Liza Helps, Property Editor, Logistics Matters
THE SCHEME which is called Aurora Park Redditch will deliver nine leasehold units ranging from 7,685 ft2 to 22,055 ft2, has a gross development value of around £35m. Work is scheduled to start on site in summer 2026 and is expected to be completed in the third quarter of 2027.
Located on a 6.4-acre site on North Moons Moat industrial estate, the EPC A and BREEAM Excellent rated Aurora Park is three miles from Redditch town centre, three miles from junction 3 of the M42 and 15 miles from Birmingham city centre.
The joint venture is funded by Hines European Real Estate Partners III (HEREP), which has more than £1.3bn of equity commitments.
Joint agents for Aurora Park are M1 Agency and John Truslove & Co.
