M&G forward fund Hemel Hempstead industrial development

A 40,800sq ft speculative development in Hemel Hempstead is to go ahead.

M&G Real Estate is to forward fund Chancerygate’s £8m Spring Park trade scheme at Maylands Avenue in Hemel Hempstead.

Chancerygate Development Director, Jonathan Lee, said: “Construction of the six-unit scheme has started with practical completion targeted for the first quarter of 2019. The space will be available on a leasehold basis, and we’ve already had substantial interest from a number of national trade operators”.