Network Space starts work on £8m phase two at Knowsley’s Alchemy Business Park
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. Tony McDonough reports
Developer Network Space has started work on the £8m second phase of Alchemy Business Park in Knowsley.
Located just one mile from the M57, motorway, 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, office and car park provision and dock level access provision on the two larger units.
The development on the 30-acre employment site follows two other similarly sized speculative industrial warehouse schemes being delivered by Network Space in St Helens and Stoke.
Further schemes elsewhere in the region are already in the pipeline for later this year.
The Alchemy scheme has been supported by a £1.8m 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.”
Works will is expected to be completed 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.