Building work on Liverpool’s largest speculative warehouse for a decade has begun – and developers have JLR suppliers in their cross-hairs.
The 175,000 sq ft project, dubbed L175, will be completed by August.
Liverpool International Business Park is located five minutes from Jaguar Land Rover’s Halewood plant, adjacent to John Lennon Airport and 12 miles from Liverpool2, Peel Ports’ new £300m deepwater container terminal at the Port of Liverpool. Existing tenants at Liverpool International Business Park include B&M Retail and Prinovis, both of whom were attracted by the site’s exceptional connectivity.
Matthew Fitton, Development Director of Peel Logistics, said: “L175 will be attractive to a number of occupational sectors, for example its proximity to the Jaguar Land Rover plant at Halewood makes it an ideal location for the automotive sector serving the JLR supply chain, particularly given the 30 minute just in time principle for the delivery of parts to the Halewood plant.
"In addition we are witnessing high levels of take up in the region from the ecommerce sectors whilst the move to on-shoring by the UK’s resurgent manufacturing sectors will make L175 appealing to occupiers."
The project is the first speculative logistics development to be brought to market by Peel Logistics following the announcement of its joint venture with Macquarie Capital in June 2015.
Peel Holdings has appointed Eric Wright Construction to deliver the speculative industrial and logistics facility at Liverpool International Business Park.