Network Space invests in Liverpool City Region site to develop new multi-let employment scheme
Real estate developer, Network Space has acquired a 28-acre former distillery site in Liverpool City Region and plans to refurbish and redevelop the area to create a multi-let employment scheme to meet existing and future demand.
The Huyton site comprises 446,151 sq ft of industrial space and was occupied by Halewood Artisanal Spirits from 2000.
The company relocated a large proportion of its operation to Chorley last year but will continue to occupy half of the site for storage and distribution through a lease back arrangement in the short to medium term.
Network Space – which has bought the freehold – intends to
Group chief executive Richard Ainscough said: “The acquisition of this high-profile, exceptionally well-located site provides a fantastic opportunity. We plan to maximise its potential through a part demolition, part refurbishment and part new build strategy.
“When finished, the site will provide small to mid-size urban logistics units, perfectly suited for e-commerce as well as regional distribution.”
B8RE and Gateley acted for Network Space, while Savills acted for Halewood Artisanal Spirits PLC.
Read more about Liverpool City Region’s land and property sector HERE.