Redsun Developments has completed the 170,000 sq ft manufacturing facility at Senate Business Park, Bootle, built for Domino Printing Sciences.
The developer acquired the 11-acre Senate Business Park site from Sefton Council in January 2016, having agreed a 25-year lease with Domino. The development has been sold for an undisclosed sum to funds advised by Swiss-based Global Gate Capital as part of a forward-funding transaction.
The main contractor on the development was Eric Wright Construction and the project team included Fletcher Rae Architects, C4 Consulting, Muir Associates, and D&d Consulting. Eric Wright is currently engaged on fit-out.
Craig Booton, director of Redsun Developments, said: “The building looks fantastic and is a testament to the design and construction team. Domino are making a further significant investment into the facility, illustrating their commitment to the Liverpool city region.
“Aside from the jobs that will be created as a result of this development we have delivered a real step-up in quality of building for the local area and it will be a key marker for future developments.”
Rudy Sayegh, chief executive of Global Gate Capital: “It was a pleasure to have transacted with the team at Redsun Developments as we look to grow our UK portfolio of high quality, strategically located assets.
This acquisition represents our third forward-funding and fourth transaction in the UK in the last two years. We remain committed to the UK and continue to see attractive real estate opportunities.”
Redsun was advised by B8 Real Estate with Global Gate Capital being represented by Taylor Wessing and DTRE.