Barwood buys for Knowsley spec shed

CBRE Global Investors has sold a 175,000 sq ft unit in Huyton Business Park to Barwood Developments for £5.2m.

Barwood said that it intends to speculatively redevelop the 9.4-acre site with a 200,000 sq ft warehouse facility.

The existing unit on Stretton Way is currently let to Goodrich Actuation Systems for the supply of aeroplane parts to clients such as Airbus. The facility will close by mid-2015 in order for Barwood to redevelop the site.

Occupiers at Huyton Business Park include Parcel Force, Olympic Oils and Halewood International Holdings.

Andrew Dickman, director at Barwood, said: "Through the acquisition of this facility, we have an opportunity to ensure that the site doesn't become redundant following the closure of the factory and instead, benefits from inward investment that will hopefully lead to job creation for the locality.

"The site is prominently positioned in a much sought after location adjacent to a busy motorway junction and we believe that our proposals will generate strong demand in a recovering market where there is now a serious lack of supply of good quality industrial and warehousing stock."

CBRE acted on behalf of the vendor. Barwood has appointed the industrial agency team at CBRE on the new scheme.