As many as 250 jobs will be created as part of a major investment by delivery service DPD (UK).
Planning consent has been given to developer St Modwen – the company behind the £150 million Project Jennifer scheme with Sainsbury’s on Great Homer Street – to deliver a new parcel depot at Stonebridge Park as part of a development agreement with Liverpool City Council.
DPD previously announced a £100,000 investment last year at its Triumph Business Park site in Speke. Construction will soon start on the Stonebridge Park facility, with the completion date set for early 2016. After completion of the build, DPD will take a 25 year-lease on the property.
St Modwen also plans to develop a further four acres of land for additional employment use at the Stonebridge Park.
Steven Knowles, regional director of St Modwen, said:
“This latest agreement not only brings investment into the region, but also creates significant employment opportunities for the area.
“Stonebridge Park is a fantastic location for DPD and will be well situated to serve the region.
“Our income-producing properties continue to generate a strong revenue stream for our business in the North, with a rent roll in excess of £9.1m last year, and this consent will enable us to further strengthen and grow this offer in the region.
“Alongside our much-needed major regeneration project at Great Homer Street, this latest agreement demonstrates our commitment to the Merseyside area.”
Mayor of Liverpool Joe Anderson said:
“This is a significant and important investment in a part of the city that we are working hard to regenerate.
“It will create 250 much needed jobs and be a major boost for the area, creating opportunities for local people.
“When combined with the new housing, proposed new retail and St John Bosco School, the Stonebridge area is now a place that is well and truly on the up.
“We are absolutely committed to doing everything we can to improve communities across the city.
“This is another great success story and demonstrates that Liverpool is open for business and how we are working hard every day to attract investment.”
Words: Peter Cribley