Latest property deal takes Mere Grange to 75% let
Network Space has secured a new tenant for its 30-acre Mere Grange development in St Helens.
The 26,358 sq ft unit has been taken on a 10-year lease by US-based Dresser Natural Gas Solutions (NGS), which manufactures gas measurement and control products.
The unit is part of a £7m first phase speculative development of four industrial units ranging from 18,595-26,358 sq ft delivered by Network Space in 2018. NGS joins Kilwaughter on this first phase.
Further pre-lets have already been secured at the second phase of the successful Mere Grange development.
Synergy LMS, a commercial laundry firm, has taken 51,868 sq ft, and a bespoke 20,029 sq ft unit was completed last month by Caddick Construction for Ormazabal, a specialist in electric distribution equipment.
Together, the four new occupiers will accommodate in the region of 250 job opportunities at the site.
Joe Burnett, development director of Network Space, said: “The high calibre of tenants we have attracted to the site since we began less than two years ago is testament to the quality of the scheme design, specification and location.
“This is the largest of the speculative units and will raise the wider site occupancy to 75%.
“With such a shortage of well-located industrial accommodation in the market, we continue to see a good level of interest in the remaining space and hope to be fully let very soon.”
Network Space is developing the Mere Grange mixed-use site in partnership with Homes England, St Helens Council and Liverpool City Region Combined Authority.
Anwyl Homes is currently on site delivering 82 homes on the residential portion of the site having acquired it from Network Space in 2019.
Paul Monks, Natural Gas Solutions (UK) managing director, said: “We needed to find a new facility following a recent change in our business ownership structure and, after considering several options, are excited to now be moving to our new premises at Mere Grange.
“I am looking forward to being fully operational and am confident that the property and location has everything the business needs for future growth.”
With a total of 162,000 sq ft of high-quality industrial space, the two remaining units offer 21,375 and 18,595 sq ft of warehouse, including first floor offices and amenity space. They provide secure, gated service yards and direct access onto the St Helens Linkway (A570), just minutes from the M62.
B8 Real Estate and CBRE are joint agents on the scheme.