Knowsley industrial site changes hands

The 57,996 sq ft former Hansen Glass unit in Knowsley Industrial Park has been sold to Studley Engineering for £1m.

The manufacturing facility is located on Hornhouse Lane in the established Knowsley Industrial Park close to J4 of the M57. The unit was operated as a manufacturing facility by Hansen Glass until the sale to Studley Engineering was concluded.

Studley Engineering is a mechanical and electrical services provider to the processing industries and has relocated from Vulcan Street in Liverpool city centre due to expansion.

Darren Hill, associate director at CBRE, joint agent for the vendor, said: "There has been a flurry of activity for second hand space of this type during 2014 and it comes down to a lack of readily available stock to satisfy requirements, which is indicative of the returning confidence to the sector. It is pleasing to see companies like Studley not only growing but also investing within the region."

Howard George, partner at B8 Real Estate, also advised the vendor. Mark Coulthurst at Mason Owen acted on behalf of Studley Engineering.