New £8m development expected to lead to creation of 250 jobs

Alchemy Business Park

The second phase of major development at a Knowsley business park has been completed.

Element, an £8m scheme at Alchemy Business Park, is now ready for occupation.

The 103,500 sq ft, speculative scheme has direct access from the A580 and includes three highly specified industrial warehouse units of 22,900 sq ft, 35,200 sq ft and 45,450 sq ft.

The units have each been designed to appeal to a wide range of logistics and industrial occupiers and feature self-contained yards, office and car parking.

The scheme has been backed by a £1.8m Local Growth Fund grant.

Local Growth Funding is awarded to the Liverpool City Region Local Enterprise Partnership (LEP) and invested through the Liverpool City Region Combined Authority’s Strategic Investment Fund.

There is currently strong interest and it is expected that once let, the units could create up to 250 jobs and inject £90m into the local economy each year.

Stephen Barnes, managing director at Network Space, said: “This is Network Space’s fourth self-financed scheme to complete within the last 12 months, taking the total space delivered within that period to just under 400,000 sq ft across 14 units.

“Within that same period, we have already let nearly 60% of the space and have good prospects for the remaining units.

“There remains a shortage of industrial warehouse space across the region and this coupled with the prominence, accessibility, quality and presentation of this scheme makes Element a compelling prospect for future occupiers.”

Steve Rotheram, Liverpool’s Metro Mayor, said: “We are working hard to make sure that economic growth benefits Knowsley and everyone in our city region, which is why we have backed this scheme which could potentially create hundreds of jobs and boost the local economy by around £10m a year.

“I’m pleased to see the latest phase completed and I look forward to seeing the whole development thriving.”

Caddick Construction was the appointed contractor for the project following its successful completions of Network Space schemes in St Helens and Stoke.

B8 and CBRE are the agents for the scheme and both have reported interest from a range of prospective occupiers.

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