Cinema operator buys final plot at waterfront site

National logistics developer db symmetry has announced the disposal of the last remaining plot at Venture Fields on Merseyside to the owner of Reel Cinemas in a deal worth £300,000.

Located within the Widnes Waterfront regeneration area, the 1.2–acre development site occupies a prominent position at Venture Fields and has planning consent for leisure use.

The plot sits adjacent to an earlier phase of development undertaken by db symmetry, which comprised a 18,000 unit and is now home to Pure Gym.

Other occupiers at Venture Fields include Silverblades, Frankie and Benny’s, Nandos and Travelodge.

The Venture Fields’ masterplan comprises an 11-acre site which is being developed into a leisure, advanced manufacturing and distribution scheme. Venture Fields complements The Hive, an existing leisure scheme situated opposite Venture Fields.

The announcement follows on from the 70,000sq ft pre-let which db symmetry and Halton Borough Council secured with advanced manufacturing technology firm, LPW in March this year.

The deal with LPW will see an investment of £20m and the creation of 120 jobs for the borough. The scheme is set for completion in August this year with LPW set to take occupation in October.

Andrew Dickman, director at db symmetry, said: “This sale represents the final piece in the jigsaw for the Venture Fields development.

“Four years ago, we identified this site as a potential key commercial hub, thanks to major infrastructure projects planned for the area.

“The Venture Fields development has acted as a further catalyst for regeneration and employment opportunities in Halton and we are proud to have a played a role in the area’s bright future.”

B8 Real Estate & CBRE advised db symmetry. KC Properties represented themselves.