Caddick Construction has broken ground on phase one of the 112,500 sq ft Mersey Reach Logistics Park in Aintree for industrial developer Chancerygate.
The four units that make up the development’s first phase will be situated on a 13.5-acre site off Dunnings Bridge Road, and are due to complete in August 2020.
One of the units has been pre-let to builders merchants Selco Builders Warehouse. The remaining units range in size from 12,035 sq ft to 42,500 sq ft.
Chancerygate has also sold a two-acre plot on the site to retailer Euro Garages for a fuel station, drive-through Starbucks and a Spar supermarket.
Caddick won the £7.85m contract for the first phase through tender. This is Caddick’s second appointment for Chancerygate after it was awarded a £10.7m contract in September to build the first phase of 132,000 sq ft Novus Business Park in Knutsford.
The development is supported by a loan from the Liverpool City Region Combined Authority and the Chrysalis Fund. The latter is a £35m fund set up by the Liverpool City Region to finance property and regeneration projects across the region.
Mike Walker, development director at Chancerygate and head of the company’s Warrington office, said: “Mersey Reach is the first development of its kind in North Liverpool for many years, so it’s great that construction is underway and we can begin to meet latent demand for high-specification urban logistic units in the area.”
CBRE and B8 Real Estate are joint real estate agents for Mersey Reach.