Developer sells Helix Business Park in Ellesmere Port to Chester investor

Located in Newbridge Road, phase one comprises five manufacturing / distribution units offering a total of 52,000 sq ft and ranging in size from 6,000 sq ft up to 15,000 sq ft, Helix was built by Portal Construction

Helix Business Park
Helix Business Park in Ellesmere Port

 

Helix Business Park in Ellesmere Port has changed hands in with Redsun Developments selling the site for Chester-based Gaerwen Properties for an undisclosed sum.

Located in Newbridge Road, phase one comprises five manufacturing / distribution units offering a total of 52,000 sq ft and ranging in size from 6,000 sq ft up to 15,000 sq ft and was built by Portal Construction. A further 3.5 acres of land has also been acquired for second phase of development. 

Helix was supported by a European Regional Development Fund (ERDF) grant. This was administered by the Ministry of Housing, Communities and Local Government with strategic support from the Cheshire and Warrington Local Enterprise Partnership. It forms part of Cheshire Science Corridor Enterprise Zone which enables qualifying occupiers to be eligible for rate relief. 

Redsun director Craig Booton, said: “We are delighted to have completed the sale of Helix upon practical completion, which is testament to the team responsible for the delivery of the project including C4 Consulting which acted as architect and project manager throughout. 

“We are now working on our next project at Hooton where we have recently acquired 23 acres from the Homes and Communities Agency and are currently bringing forward 450,000 sq ft of industrial space.”

Stephen Wade, director at Legat Owen, which advised Redsun on the acquisition and its subsequent development, added: “This site marks the third scheme we have successfully worked on with Redsun following on from Turbine Business Park in Birkenhead and the PowerStation in Bromborough.”

Gaerwen Properties was advised in the purchase by Hatrick Properties.  Each unit is available to let by way of a new full repairing and Insuring lease at a rent of £5.50 sq ft 

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