St Modwen, the UK’s leading regeneration specialist, has started on site with the next phase of Stonebridge Business Park.
A ground-breaking ceremony, attended by the Mayor of Liverpool Joe Anderson, marked the official start of work on site at Sugarbrook Drive on Friday 22 July.
The development will create 63,657 sq ft of speculative warehouse industrial space across four units, each with their own self-contained yards.
The four high quality units range in size from 31,157 sq ft to 5,020 sq ft and overlook the A580 East Lancashire Road.
The build is being carried out by Caddick Construction and is expected to complete by February 2017.
To date, around 231,000 sq ft has been delivered at Stonebridge Park. This phase follows the construction of a new 69,197 sq ft parcel distribution facility for express delivery service DPD (UK), which opened earlier this year and a 15,700 sq ft speculative phase of starter units which will complete in August 2016.
The new units will add to a total investment of almost £4m to the region which will create 160 permanent and construction jobs.
David Nuttall, Development Manager at St. Modwen North West, said: “Our continued commitment to Stonebridge Business Park reflects our confidence in this location and our belief that there is demand in the local and regional economy for high quality accommodation.
“These latest units will complement the offer we have at Stonebridge which will have a total of 295,000 sq ft of accommodation over 50 units when they are complete.”
Mayor of Liverpool, Joe Anderson, said: “This further development is another sign of both Liverpool’s economic success in job creation and the faith of developers to make and build speculative investment in our city.
“I pledged to make our city one of the country’s most business-friendly locations and this is an important site with a great deal of potential, because it sits so close to other parts of our city region.”
Mark Rich, Regional Commercial Manager at Caddick Construction, said: “We’re pleased to begin work at Stonebridge Business Park, as this further cements our status within the Liverpool region. There will be a lot of excitement on the ground as the site begins to change and take shape over the next few months.”
All units are available to let or purchase. Bilfinger GVA and Knight Frank are the agents for the scheme.