Caddick completes first warehouse at Redsun’s Aviator
The construction firm has finished building a 125,000 sq ft speculative industrial unit, the first phase of Redsun Projects’ wider 450,000 sq ft scheme in Ellesmere Port.
Planning permission for the site at Hooton Park was secured in 2018 and the construction of the first warehouse began last summer.
The second stage of development is likely to be an 85,000 sq ft unit. There is consent for 325,000 sq ft.
The Evergreen Fund provided a £5m loan to Redsun for the development, along with £1.7m from the Cheshire & Warrington Local Enterprise Partnership.
CBRE manages the North West Evergreen Fund, an EU-funded programme.
Nick Wightman, director at Redsun, said: “There is a distinct lack of good quality industrial buildings in this part of the region and our site will help to meet the demand. Just a two-minute drive from the motorway network, the site has Enterprise Zone status offering very attractive capital allowances against fit-out and machinery costs.”
Rob Tilley, director at Knight Frank, said: “With a shortage of speculative developed large units of this quality in the local market, combined with its exceptional location, we are receiving a good level of interest.”
The professional team includes Fletcher Rae, Quartz Project Services, Muir Associates and Crookes Walker Consulting.
The site is being marketed by Knight Frank and Legat Owen.