Capital & Centric secures occupier buyers at Hangar
Capital & Centric has sold Hangar 1 and 2, the two units which make up its £3.5m industrial scheme at Estuary Commerce Park in South Liverpool, to a video production company and a film technology firm.
Sports media firm, PPL acquired an 18,000 sq ft building as its new HQ and to accommodate its video production facilities, while Gencoa has taken the neighbouring 22,000 sq ft building for product development laboratories.
The two buildings are situated on the old Liverpool Airport runway in landscaped surroundings and were speculatively developed by Capital & Centric, using £1.4m of ERDF funding following its acquisition of the five-acre site from the Homes & Communities Agency last year.
The buildings, designed by SixTwo Architects and built by Seddon Construction, are super energy efficient and have subsequently been awarded BREEAM excellent ratings.
Adam Higgins, co-founder of Capital & Centric, said: “We have developed several buildings on Estuary Commerce Park now. These projects have created hundreds of tech jobs for the local economy, regenerated brownfield land and delivered energy efficient buildings; it’s something we’d like to continue to do here as well as on other sites in the North. Hangar 1 and 2 defy the typical stereotype of a dull grey industrial warehouse by providing a light, bright and inspiring place to work in a prominent location befitting to a headquarter facility.”
CBRE and JLL acted for Capital & Centric on the disposals. DLA Piper was the appointed lawyer for Capital & Centric.