Called ‘Element’ and totalling 103,500 sq ft, the project comprises three industrial warehouse units of 22,900 sq ft, 35,200 sq ft and 45,450 sq ft. Tony McDonough reports
Developer Network Space has completed the £8m second phase of its Alchemy Business Park development in Knowsley.
Called ‘Element’ and totalling 103,500 sq ft, the project comprises three industrial warehouse units of 22,900 sq ft, 35,200 sq ft and 45,450 sq ft, designed to appeal to a wide range of logistics and industrial occupiers.
They include self-contained yards, office and car park provision, separated office and yard access with 10m eave heights and dock level access provision on the two larger units.
Element has been supported by a £1.8m Local Growth Fund grant which is administered by the Liverpool City Region Local Enterprise Partnership (LEP) and invested through the Liverpool City Region Combined Authority’s Strategic Investment Fund.
Network Space says there is “strong interest” from prospective occupiers, and it is anticipated that once let, the units at Element could accommodate up to 250 jobs and produce a net additional GVA per annum of £9.9m for the region.
Stephen Barnes, managing director (development) at Network Space, said: “This is Network Space’s fourth self-financed scheme to complete within the last 12 months, taking the total space delivered within that period to just under 400,000 sq ft across 14 units.
“Within that same period, we have already let nearly 60% of the space and have good prospects for the remaining units. There remains a shortage of industrial warehouse space across the region and this coupled with the prominence, accessibility, quality and presentation of this scheme makes Element a compelling prospect for future occupiers.”
Caddick Construction was the appointed contractor for the project following its successful completions of Network Space schemes in St Helens and Stoke. B8 and CBRE are the appointed agents.