Royal London Asset management has confirmed that it intends to develop up to 800,000 sq ft of commercial space at Atlantic Park in Sefton, Merseyside.
The company, which purchased the 52-acre site this month for £21m, is to invest “tens of millions” in a mixed office and industrial scheme at the site.
The first phase of the development will be built speculatively.
Martin Hanratty, director of Royal London Asset Management, said: “North Liverpool has an established industrial and commercial base but has lacked high quality infrastructure of the type we’re proposing.
“We’re confident of the demand, which is why we’ll develop the first phase speculatively.”
Landscaping is already underway, with work on the first phase scheduled for start by the end of the year.
Rolls-Royce Energy already occupies a 280,000 sq ft building at the site on Dunningsbridge Road, which links Liverpool’s Freeport with the M57 and M58.
Alan Moore, strategic director and deputy chief executive of Sefton Council, said: “This is a key strategic employment site for south Sefton and investment of this scale and quality will help us compete effectively for companies seeking to expand and grow.”
Atlantic Park sits within the Atlantic Gateway Strategic Investment Area, which receives substantial investment under the European Union’s Objective One programme.
GVA Grimley and Mason & Partners are letting agents on the scheme.
References: EGi News 21/02/06
