Property group to develop new £6m offices and warehouses in Liverpool
Centric Property Group have acquired a 1.86 hectare (4.6 acre) site at Estuary Commere Park, South Liverpool. The land was acquired from Liverpool Vision acting on behalf of the North West Development Agency, King Sturge advised Liverpool Vision and NWDA on the disposal. Centric acquired the land for approximately £1.0 million without bank debt.
Centric are proposing to construct a £6m speculative development of offices and warehousing totalling over 7,600 m2 (82,000 ft2) all of which will be BREEAM Excellent, a planning application has already been submitted and Barnfield Construction have been appointed as the Building Contractor. The scheme is to benefit from over £2.535 million of funding from the European Regional Development Fund and the development will target occupiers in 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. ERDF in the Northwest is managed by the Northwest Regional Development Agency (NWDA). For further information please visit www.erdfnw.co.uk
For more information on Estuary Commerce Park visit: www.estuarycommercepark.com
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