GB Europe wins race to buy Prinovis Speke site
Prinovis has sold the 627,000 sq ft former printing facility and development land in Speke to GB Europe for an undisclosed sum.
The site occupies 50 acres within Estuary Business Park, with a further 27 acres of expansion land included in the purchase.
If redeveloped the site could accommodate a 1m sq ft shed. No plans have been revealed at this stage.
Neil Kirkham, senior director at CBRE, advising Prinovis, commented: “Having received a significant amount of interest in this site, we are delighted to have concluded this transaction in a five-week period, a real accomplishment in the current market. The site has been so widely courted due to its strong location and redevelopment potential, and we look forward to seeing it come to fruition in the coming years.”
Speke’s occupier base includes Jaguar Land Rover, Ford, Seqirus and B&M. Prinovis announced the closure of its site in 2022.
Darren Hill, director of CBRE, continued: “With buildings extending to 630,000 sq ft on a site of 50 acres, this sale represents one of the region’s largest transactions in recent years. Due to the constrained supply of sites of this nature, this was a real market test, and the level of interest we received illustrates the continued strength of the industrial and logistics sector in the North West.”
CBRE acted on behalf of Prinovis UK, KLIPA acted on behalf of the GB Europe.
BOOK NOW | North West Industrial + Logstics annual conference, 16 May
Great to see business is booming around Liverpool John Lennon suck an attractive location to work in . We have our office located there and business is booming .
By Anonymous