Planning application is a Triumph for Merseyside development

Triumph Business Park, Speke
X The Business Desk

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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.

Triumph Business Park, Speke

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.

InfraRed has just bought part of Network Space’s Mere Grange development on the edge of St Helens town centre for £17.6m.

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.”