Venus 217

Knowsley speculative shed completes

Developer Flintrock has completed its 218,000 sq ft speculative development on Knowsley Business Park, a scheme back by a £9.4m loan from the Chrysalis Fund and Knowsley Council.

Dubbed the “largest speculative unit to be built in the City Region for more than a decade” by the council, the scheme secured planning permission in July 2017, and won funding in May last year.

Funding for the scheme came from loans from The Chrysalis Fund to the tune of £5.4m, while Knowsley Council provided a loan of £4m. B8 is the retained agent for the scheme.

It is the sister project to the neighbouring Venus 110, built in 2015 and now occupied by Amazon.

Dale Milburn, executive director, regeneration & economic development at Knowsley Council said: “Providing short term funding to support a project like this not only makes good financial sense for the Council but also helps to kick start developments which in turn brings new businesses and new jobs to Knowsley.

“The loan we granted is fully repayable over three years and in addition to receiving the interest on this loan we will also, receive additional business rates as a consequence of the development.

“There is high demand for this kind of accommodation in Knowsley and the Liverpool City Region, and we therefore share the developer’s confidence that an occupier will be secured shortly.”

Your Comments

Read our comments policy here

Good old Knowsley, still knocking out the speculative sheds. It’s worked so well in the past for them hasn’t it? The borough is a ghost town.

By John Smith

The council want to look at the town centre before speculation in building massive white elephants to go with the one thay put in a boat in the so called town centre . We are the laughing stock of Britain the worst place to shop .and they are putting money into building sheds

By Jimmy Smith

Jimmy has a fair point. Most of the sheds constructed in Knowsley house low-skilled low value jobs. The borough has stagnated for over 20 years now. Sad.

By John Smith

Having worked in different parts of Knowsley and engaging with different departments in education, commerce and municipal areas, one has to ask the question “Stadt Moers has moved on, but has Knowsley?” There are some great companies in Knowsley and I’ve worked with them on several projects, but the whole borough seems to have stood still, time for a change I believe politically and administratively if it is to prosper and thrive.

By Anonymous

Subscribe to our newsletter