Network Space Developments sells 10-acre Liverpool city region industrial site, a big chunk of which is occupied by e-commerce giant Amazon, in a £7m deal. Tony McDonough reports
Network Space Developments (NSD) has sold a 10-acre industrial site at its Alchemy Business Park site in Knowsley.
Marchmont Investment Management has paid £7m for the site, six acres of which is used by e-commerce giant Amazon for fleet vehicle charging and storage. Marchmont is keen to bring forward further development on the remaining four acres.
This deal marks the latest milestone at Alchemy Business Park, with NSD having previously delivered more than 200,000 sq ft of industrial and logistics space across several phases at Platinum Court and Element.
A further 150,000 sq ft of floor space across two units is also expected to receive planning consent imminently, with the units targeting BREEAM Excellent and available for pre-let or forward funding opportunities.
Simon Eaton, senior development manager at NSD, said: “We’re delighted to have completed another positive transaction at Alchemy Business Park, which further demonstrates the site’s high-quality location.
“The sale marks the culmination of the hard work that went into securing Amazon on site, and we are confident that the remaining land will be attractive to other users.
“We now look forward to advancing our plans for the two new high quality and highly sustainable industrial units and continuing our long-running investment into Knowsley.”
Marchmont was advised by Nick Carvey of Cushman and Wakefield. James Rodwell at Marchmont added: “We are delighted to add Amazon to our IOS platform and secure representation in a strong NW sub-market.
“Via our Surface platform, we will further deliver circa four acres of best-in-class open storage to complement our growing portfolio.”
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This site is located adjacent to the A580 just minutes from the M57. B8 Real Estate concluded the deal on behalf of NSD.
Simon Wood, Investment Director at B8RE, also said: ‘Having recently agreed a lease to Amazon, the sale represents another successful exit for our client.
“It is not only testament to the institutional interest in Knowsley and the scheme but also Network Space themselves as a developer. It was fantastic to be involved in another NSD sale working with parties to reach such a successful conclusion.”