Developer Chancerygate, which has an office in Warrington, has achieved practical completion on the second and final phase of its £20m, 102,500 sq ft Mersey Reach urban logistics development in Aintree.
Situated on Dunnings Bridge Road, phase two comprises 12 Grade A trade counter and industrial or warehouse units ranging from 4,050 sq ft to 29,650 sq ft, all of which are available leasehold.
Mersey Reach is located six miles north of Liverpool city centre and provides access to both the M57 and M58. The development is also strategically located on a prominent gateway route into the Liverpool2 deep-water port.
Chancerygate sold phase one, and pre-sold phase two, of Mersey Reach to real estate private equity firm Northwood Investors at the end of last year. Northwood is responsible for the leasing of phase two and new occupiers are expected to be announced shortly.
Mersey Reach’s first phase of four units totals 112,500 sq ft. The units are occupied by precision blade manufacturer, Hardy UK; builders’ merchants, Selco Builders Warehouse; and zero calorie tonic start up, SDG.
Chancerygate development director and head of the company’s Warrington office, Mike Walker, said: “We are absolutely delighted to have achieved practical completion on phase two which means the whole scheme is now complete.
“This is a site we have been involved with since 2007, so to see it reach a conclusion is a major milestone for Chancerygate The units look fantastic and are a massive improvement from the derelict wasteland that was there five years ago.
“It is a great example of a major brownfield regeneration scheme. It has delivered both a physical improvement to local stakeholders and significant economic gains in terms of attracting new businesses and jobs.
“Mersey Reach is also a great example of Chancerygate working collaboratively with the local authority, Sefton Council, the local community, funders and investors to achieve an excellent end result.”
Founded in 1995, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide.
In addition to Warrington, the company has offices in London, Birmingham, Bristol and Milton Keynes. It currently has more than 3.5m sq ft of industrial space under construction or ready for development across 32 sites ranging from Bournemouth to Edinburgh.
JLL and B8 Real Estate are joint agents for Mersey Reach.
