Developer Network Space has secured planning permission and £1.8m of funding to start the next phase of its Alchemy industrial site in Knowsley.
The latest phase of Alchemy includes three new units of 46,000 sq ft, 35,000 sq ft and 22,000 sq ft, which will be started speculatively later this year, with completion pencilled in for autumn 2018, although a main contractor is yet to be appointed.
Network Space has secured a £1.8m of funding from the Liverpool City Region Combined Authority Single Investment Fund to allow the new phase to go ahead.
The three new developments, known as Element, follow the first phase of the scheme, which included 100,000 sq ft of industrial and logistics space. Occupiers include Lombard Shipping, National Grid, and Smith News.
Network Space also has outline planning approval to build 150,000 sq ft of industrial space on the remainder of the site, which is off the A580 near Junction 4 of the M57.
Stephen Barnes, development managing director for Network Space, said: “Element is one of a number of industrial warehouse schemes that we are delivering speculatively this year as we seek to enlarge our retained industrial property portfolio.
“Our first phase scheme at Alchemy called Platinum Court has been fully occupied for some time now and we wanted this next phase, Element, to both complement phase one whilst also providing occupiers with a different offer.
“Each of the three proposed larger units is self-contained and features dedicated and generous yards and, in the case of the larger two units, dock loading facilities.”
CBRE and B8 Real Estate are the retained agents for the scheme.