Second phase of Alchemy Business Park underway
Network Space has let a contract for the construction of Element, its latest £8m scheme at Alchemy Business Park.
The development at the highly prominent 30-acre employment site which fronts the A580 in Knowsley, less than one mile from the M57, follows hot on the heels of two other similarly sized speculative industrial warehouse schemes being delivered by Network Space in St Helens and Stoke respectively. Further schemes elsewhere in the region are already in the pipeline for later this year.
Element at Alchemy will total 103,500 sq. ft and comprises three self-contained, highly specified industrial warehouse units of 22,900, 35,200 and 45,450 sq. ft. The units have each been designed to appeal to a wide range of logistics and industrial occupiers and will feature large self-contained and segregated yards, generous office and car park provision with 10m eave heights and dock level access provision on the two larger units.
The scheme has been supported by a £1.8 million Local Growth Fund grant provided by the Liverpool City Region Combined Regional Authority through its Single Investment Fund. Caddick Construction has again been appointed contractor for the project following its successful appointments in St Helens and Stoke.
Stephen Barnes, Managing Director (Development) at Network Space, said: “We are delighted to be bringing forward this latest scheme following successful starts elsewhere in the region and we are very grateful to both the Combined Authority and Knowsley MBC for their ongoing support. It is well-known that there remains a shortage of industrial warehouse space across the region, especially of this quality.
“This, coupled with the prominence and accessibility of the location and presentation of the site, makes Element a very compelling proposition.”
Steve Rotheram, Liverpool City Region Metro Mayor, said: “Our key role as a Combined Authority is to create the conditions for economic growth, which will benefit everyone in the city region. High-quality projects like this, which provide jobs for local people and act as a catalyst for the local economy, are exactly the kind of scheme we are keen to support.”
Cllr Graham Morgan, Leader of Knowsley Council, added “This latest development is a further demonstration of the confidence that an increasing number of developers have in choosing Knowsley, and in particular our strategic location, to invest and do business.”
Works will start on site in June with completion expected in May 2019. B8 and CBRE are the appointed agents for the scheme and both have already reported encouraging interest from a range of prospective occupiers.
Network Space is a commercial property developer, investor and manager, specialising in the industrial property sector. Headquartered in St Helens it retains and manages a land and property portfolio of 300 acres and 1.5 million sq. ft across the north of England. Over the next five years it is forecast to deliver over 2.5 million sq. ft of new industrial property across the Northern Powerhouse region.