Industrial developer Chancerygate has achieved practical completion for its 94,000 sq ft Furlong Business Park scheme near Cheltenham - with almost a third if its units already sold.

Furlong Business Park, situated off Hyde Lane in Bishops Cleeve, is a £10.2m development providing a total of 11 high-quality industrial and warehousing units ranging from 3,988sq ft to 25,714sq ft.

Having pre-sold a 3,075sq ft unit to Chipping Norton-based printing company KopyRite Printers last November, Chancerygate pre-sold a further 4,590sq ft unit before the scheme's completion, which was purchased by Cheltenham-based D&G Contracting.

A further unit totalling 4,865sq ft was bought by Cheltenham creative agency Still Moving Media within days of the development's completion, while a 3,988sq ft unit is under offer.

Chancerygate is also in the process of developing a second industrial scheme in Cheltenham on the site of the former Vibixa Weetabix packaging factory, at the corner of Wymans Lane and Runnings Road.

Called Festival Trade Park, the development sits within the established Kingsditch Trade and Industrial Estate and will offer 14 trade counter, industrial and warehousing units ranging from 3,487 to 34,981 sq ft.

Commenting on the site's practical completion, Chancerygate development director George Dickens, said: "We're very pleased to have achieved practical completion at Furlong Business Park with a third of the scheme's units now sold and the remaining seven units attracting plenty of interest.

"Prior to our two active sites in Cheltenham, there had not been a speculative development in the area for more than a decade.

"Our recent investment in the region shows our commitment to giving prospective occupiers high-quality industrial space to grow their businesses in Gloucestershire."