db symmetry has submitted a planning application to Knowsley Borough Council to transform the 175,000 sq ft former manufacturing facility at Huyton Business Park into a sustainable, high specification 120,000 sq ft industrial unit to meet regional occupier demand.
The comprehensive refurbishment programme is designed to create a modern, efficient industrial unit and will include the demolition of a circa 25,000 sq ft office building to significantly improve the loading and yard areas on the 9.4 acre site. In addition, a large proportion of mezzanine offices will be removed from within the warehouse itself, greatly improving the overall efficiency of the unit as well as provision of level access and dock level loading. The works will result in a high quality, extensive facility which will be a welcome addition to the North West industrial market which is experiencing extremely low supply levels.
Darren Hill at CBRE and Andrew Lynn from JLL have been appointed to market the unit, branded as Aquila 120, and work will commence on-site in April 2016, with completion scheduled for September 2016. The refurbished unit will be available to lease or purchase.
Huyton Business Park is located at the well-connected Tarbock Island interchange at J6 of the M62 and J1 of the M57. Liverpool John Lennon Airport is just 7 miles to the South. Local occupiers include Parcel Force, Olympic Oils and Halewood International Holdings PLC.
Simon Dixon, Associate Development Director at db symmetry, said;
“With the severe shortage of top specification second hand units of 100,000 sq ft plus, we are expecting a strong level of demand for what will be a unique proposition. With its strategic location adjacent to the major motorway networks, Aquila 120 is likely to appeal to owner occupiers, warehousing and distribution occupiers and, with the added USP of 4MW of power, we anticipate interest from manufacturers.”
He continued;
“db symmetry’s investment into this unit will bring a high quality product to market at a time when there is a serious lack of supply of good quality industrial and warehousing stock and no discernable competition for this type of space. db symmetry has a strong track record for the delivery of high quality product and we anticipate significant levels of occupier interest in this unit.”