Developer Redsun completes Knowsley industrial scheme
Liverpool-based property developer Redsun has completed its 1aWILSON industrial scheme at Huyton Business Park, delivering two
units totalling 35,000 sq ft.
Viking Life-Saving Equipment have purchased a 20,000 sq ft unit and are undertaking a programme of fit-out works.
The new facility will allow Viking to centralise all their UK operations.
Danish-owned Viking is a global leader in the servicing of maritime life-saving equipment with 260 servicing stations across 40 countries.
The second 15,000 sq ft unit has been sold to Peter Stevens Estates, a Cumbria-based property company specialising in the investment and letting of industrial property throughout the North West of England.
Nick Wightman, director of Redsun Developments said: “We’ve delivered a real step up in quality for Huyton Business Park.
“These deals show there is still strong demand from both occupiers and investors for good quality industrial buildings in the right location.
“Concluding both deals within weeks of construction completing will allow us to focus on our pipeline of development sites across the region,” he said.
John Burrows, B8 Real Estate, representing Peter Stevens Estates, said: “We are seeing strong investor demand for good quality vacant industrial units such as this Redsun scheme.
“This is being fuelled by a lack of supply of income-producing investment stock, coupled with an extremely healthy occupier market within the North West region.
“There remains only limited development of new SME industrial units within the region and this continued lack of stock, together with strong occupier demand, is set to result in continued rental growth.”
Jonathan Lowe of GVA represented Redsun. Viking Life-Saving Equipment were represented by Roy Backhouse & Co. Peter Stevens Estates were represented by John Burrows of B8 Real Estate.