Royal London Asset Management Property has secured planning permission for the 800,000 sq ft redevelopment of Liverpool’s Atlantic Park.
The 50-acre industrial and logistics development in Sefton, north of the city, is located within the Liverpool’s Freeport area and will comprise seven units ranging from 43,000 sq ft to 210,000 sq ft.
RLAM Property said it would “set a new standard for logistics and advanced manufacturing” in the area.
Royal London has already won approval for 100,000 sq ft of logistics space on a neighbouring plot at the former Rolls-Royce factory site. The company bought the site in 2003, with plans approved in 2006, but the redevelopment was halted by the global financial crisis. The plans were revived last year, with RLAM Property first applying to demolish the former 220,000 sq ft Rolls-Royce factory building – known locally as “Big Foot” – as well as two office buildings.
The scheme is targeting BREEAM Excellent and EPC A at Atlantic Park, which is designed to have minimal embodied and operational carbon impact.
Occupiers will benefit from being part of the customs zone of Liverpool Freeport, which means that customs procedures for goods entering are simplified and tariffs cancelled. Occupiers can also defer tariffs on goods destined for other parts of the UK until they are shipped.
Senior asset manager Matthew Barnes said: “To have the opportunity to deliver a high-quality industrial development to this rapidly evolving and strategically important location is exciting for Royal London Asset Management Property.
“Atlantic Park represents a significant strategic investment, bringing high-quality, sustainable logistics and advanced manufacturing space to a market with limited supply and rising occupier ESG standards.”
The Harris Partnership led on design and Turley advised on planning.
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