A third speculative logistics scheme has joined the race to win warehouse deals in Merseyside.
The latest to join the race for business ahead of the opening of the Liverpool 2 post-panamax container terminal at Port of Liverpool is Barwood Developments (North) Ltd.
It has acquired a factory site at Huyton Business Park near Liverpool for £5.2m and intends to speculatively redevelop the site with a state-of-the-art 204,000 sq ft warehousing facility.
The existing 174,198 sq ft manufacturing facility, on Stretton Way at Huyton Business Park, is currently let to Goodrich Actuation Systems Limited for the supply of aeroplane parts to clients such as Airbus. The facility will close early to mid 2015 after which Barwood will comprehensively redevelop the 9.39 acre site.
Huyton Business Park is located at the Tarbock Island interchange at junction 6 of the M62 motorway and junction 1 of the M57. Liverpool John Lennon Airport is just 7 miles to the South. Local occupiers include Parcel Force, Olympic Oils and Halewood International Holdings PLC.
Andrew Dickman, director at Barwood, said: “Through the acquisition of this facility, we have an opportunity to ensure that the site doesn’t become redundant following the closure of the factory and instead, benefits from inward investment that will hopefully lead to job creation for the locality.
“The site is prominently positioned in a much sought-after location adjacent to a busy motorway junction and we believe that our proposals will generate strong demand in a recovering market where there is now a serious lack of supply of good quality industrial and warehousing stock.”
Barwood has appointed the industrial agency team at CBRE on the new scheme.
Last week SHD Logistics reported that New Capital Knowsley is to start work on the Venus 110 warehouse development at the entrance to Knowsley Industrial Park. It will be completed in April 2015. Nearby, Peel Holdings is stepping up marketing of its 700,000 sq ft Knowsley 700 scheme at Knowsley business park.