Planning application is a Triumph for Merseyside development
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Plans for a 138,000 sq ft industrial development at Speke’s Triumph Business Park have been approved.
The Park was acquired by InfraRed Capital Partners in 2019 for £30m and work will now start next month of the £15m speculative scheme. Triumph Business Park site is a major storage, distribution and commercial hub and this development will take its total footprint up to nearly 1m sq ft.
The Spitfire Court scheme will add 12 Grade A industrial units of between 3,000-34,000 sq ft and is scheduled to be completed within a year.
Dean Harrison, Investment Director at InfraRed Capital Partners, commented: “The greater turn to e-commerce during the recent months has increased demand for modern, high-quality urban logistics assets, which this project delivers. ”
It will be developed by Network Space Developments in the latest tie-up between the two companies.
Network Space Development director Joe Burnett said: “We are delighted that planning has been approved for a scheme that brings significant logistical and economic benefits to the Liverpool City Region.
“This is the next chapter in this regeneration success story for the former Triumph factory site.”