National Grid offloads land for redevelopment

Network Space has acquired a 4.8 acre site in Warrington from National Grid for an undisclosed sum.

Network Space is now underway with preparing a planning submission to deliver a multi-let industrial development of around 100,000 sq ft at the site on Winwick Road.

The developer hopes to start on site next year and says the scheme has the potential to accommodate up to 200 jobs.

Joe Burnett, development director at Network Space, said: “The acquisition provides a great opportunity to deliver a variety of multi-let, new build space. With a shortage of light industrial space in the area, it will appeal a range of local, regional and national occupiers seeking small and mid-box urban logistics, alongside traditional multi-let users.”

The acquisition follows hot on the heels of Network Space’s purchase of the former Manchester College site at Welcomb Street, Openshaw.

Burnett added: “This development, and that proposed at Openshaw, will continue to grow our industrial and logistics portfolio. We are also bringing forward other new schemes, close to urban areas in the region, such as Broadheath Networkcentre in Altrincham and the 28-acre former Sovereign Distillery in Huyton.”

B8RE acted for Network Space, Savills acted for National Grid.