Speculative office development planned in Liverpool

Property group acquires plot at Estuary Commerce Park for £6m development of warehouse and office space

Article posted: 08 Jun 2011

CENTRIC Property Group has acquired a 4.6 acre site at Estuary Commerce Park, with a view to constructing a £6m speculative development of over 82,000 sq ft of warehouse and office space in South Liverpool.

The land, close to Liverpool Airport, was acquired from Liverpool Vision acting on behalf of the North West Development Agency for £1m.

The development, to be called Estuary Banks will incorporate sustainable technology to achieve BREEAM Excellent status, a planning application has already been submitted and Barnfield Construction has been appointed as the Building Contractor with construction due to commence later this year.

The scheme is to benefit from over £2.535m of funding from the European Regional Development Fund and the development will target a range of occupiers including the bio-pharmaceutical and knowledge sectors.

Estuary Commerce Park is a Strategic Regional Site in the South Liverpool International Gateway, one of five strategic investment areas in Liverpool and recognised for its economic importance not only to the City of Liverpool, but the wider Liverpool City sub region and North West England.

The European Regional Development Fund (ERDF) is making a real difference to people and businesses in the Northwest. With €755 million to invest between 2007 and 2013, ERDF is enhancing the competitiveness of the region’s economy by supporting growth in enterprise and employment.

King Sturge advised Liverpool Vision and NWDA on the disposal. Centric was advised by Mason Owen.

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Posted by Sam