Work starts on the construction of nine industrial units totalling 25,829 sq ft at a Liverpool city region site close to the River Mersey. Tony McDonough reports
A property developer has started work on a new industrial scheme close to the River Mersey.
FI Real Estate Management (FIREM) says groundworks at its Astmoor Point development in Runcorn have begun. When complete in March 2023 it will comprise nine industrial units totalling 25,829.
Located close to the Mersey Gateway bridge, the development will offer units ranging in size from 2,666 sq ft to 4,499 sq ft. FIREM will offer occupiers the option of combining the units to create larger spaces.
Tim Knowles, founder and managing director of FIREM, said: “Astmoor Industrial Estate has proven a popular location for a wide range of businesses. With the demand for industrial space across the UK rising, we know Astmoor Point will be able to help fulfil some of that demand.
“Our investment in the new development will also help to boost the local economy. It will provide more employment opportunities for local people. We’re looking forward to welcoming new businesses to Astmoor and for our presence in Runcorn to continue to grow.”
Astmoor Industrial Estate forms part of FIREM’s 15m sq ft portfolio of commercial property in the UK. It currently has 5m sq ft of new build industrial developments in the pipeline.
In July LBN reported that Halton Council had appointed developer Langtree to transform a 21-acre plot of land in Runcorn into an 185,000 sq ft industrial scheme. Langtree has identified four separate development sites.
The area had been set aside to support the construction of the £600m New Mersey Gateway Bridge. It was completed in 2017.