Barwood Developments and Potter Logistics have entered into a joint venture agreement to deliver a 275,000 sq ft logistics project on a 16-acre site in Knowsley Industrial Park.
The scheme, branded Draco, will accommodate distribution and manufacturing units in buildings from 25,000 sq ft to 150,000 sq ft on a built to suit basis. The units will be available as freehold or leasehold.
The joint venture has appointed the industrial agency teams at CBRE, B8 Real Estate and Fox Lloyd Jones to market Draco.
Knowsley Industrial Park is an established industrial location with existing occupiers including Hermes, Capita, Matalan and QVC.
Barwood is currently also in a joint venture agreement with Legal & General property at M6EPIC, a 34-acre industrial site in South Lancashire which it acquired in 2013.
Andrew Dickman, director of Barwood Developments, said: "In addition to being within one of the North West's most successful industrial parks, the benefits associated with Potter's rail freight terminal will have significant appeal to occupiers.
"In a market where there is now a serious lack of supply of warehouse and manufacturing stock certainty will be key, and our ability to deliver these units on an already allocated site will be well received by occupiers."
Matthew Lamb, managing director of Potter Logistics, said: "This is a well-timed and exciting development for the region. It represents a significant opportunity to springboard the redevelopment of the Knowsley Industrial Park creating capacity for the businesses to expand as the economy returns to growth."