A further 280,000 sq ft of industrial space is to be built by Redsun at its Aviator scheme following the completion and sale of the 125,000 sq ft first phase. Tony McDonough reports
Liverpool developer Redsun has applied for planning consent to build a further 280,000 sq ft of industrial space at Ellesmere Port.
Redsun completed the first 125,000 sq ft phase of Aviator last year, a project which benefited from a loan of almost £7m from the North West Evergreen Fund. Cheshire and Warrington LEP also offered investment support.
In October 2020 it was announced that Wirral-based manufacturer Survitec, a specialist supplier of equipment to the maritime, defence and aerospace sectors, was taking the space on a 20-year lease.
The property was subsequently sold to UK Warehouse Properties (UKWP), a joint venture between American fund manager Ares and Midlands-based property development company Revelan for an undisclosed sum.
Nick Wightman, director at Redsun, said there was a “chronic shortage” of the type of space being built at Aviator. He added: “Phase one at Aviator was an excellent example of what can be achieved when public and private sector work collaboratively together.
“It has elevated Ellesmere Port in the eyes of the investment market and with demand at an all-time high, now seems the perfect time to bring the next phase to the market. The quality of the product we’re delivering at Aviator will make these buildings highly attractive to both occupiers and investors.”
Previously known as Hooton Park, Redsun purchased the 22-acre site, from Homes England in 2017. This first phase occupied seven acres of the site and the second phase sits on 15 acres.
The Aviator site forms parts of the Cheshire Science Corridor enterprise zone, meaning occupiers benefit from Enhanced Capital Allowances against their fit-out costs.
Legat Owen and Knight Frank are joint letting agents on the latest phase and the project team includes Fletcher Rae Architects, Quartz Project Services, Muir Associates and Crookes Walker Consulting.