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Place North West | Pair of Knowsley industrial schemes advance
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Sarah Townsend
The developer has won planning consent for a trade counter scheme on Knowsley Industrial Estate in Merseyside.
Known as the Knowsley Hub, the 50,000 sq ft scheme comprises seven units ranging in size from 8,000 sq ft to 10,000 sq ft. Redsun Projects acquired the three-acre site from Knowsley Council following a competitive tender process this year.
The developer has secured a 10,000 sq ft pre-let with building supplier Howdens Joinery and says terms have been agreed with another national building supplies merchant keen to take 6,000 sq ft.
The scheme is being designed and project managed by C4 Projects and Muir Consulting is the consultant engineer. B8 Real Estate and Avison Young are the joint letting agents. Construction is expected to start this summer.
More than half of floor space already sold at Magazine Point
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Neil Tague
The developer has secured a pair of deals totalling a combined 31,000 sq ft at the scheme within Wirral International Business Park, as main contractor Portal NW reaches practical completion.
Signage supplies distributor MDP Supplies has taken 19,000 sq ft, while medical diagnostics company MedTechToMarket has signed for 12,000 sq ft. Redsun Projects’ light industrial scheme comprises 55,000 sq ft in total at the Bromborough site.
The lettings mean that 24,000 sq ft remains available across four units. Legat Owen and B8RE are the joint agents on the scheme.
Designed by C4 Projects with Muir Associates acting as civil and structural engineer, Magazine Point is one of three development sites in Merseyside to have received a share of £2.65m from the Liverpool City Region Combined Authority’s Light Industrial Fund. Debt funding was provided by Lloyds Bank.