The developer, working with contractor Caddick, has started work on a 23,000 sq ft speculative industrial project on a brownfield site on the edge of the city centre.
Network Space’s development, named Central 23, is on a two-acre brownfield plot on Carruthers Street, off Vauxhall Road. The scheme is being developed speculatively and lies half a mile outside the city centre of Liverpool.
The project includes 23,000 sq ft of warehousing space along with a 1,600 sq ft office. It is being developed by Network Space, but will be handed over to InfraRed Capital Partners on completion; InfraRed acquired the site as part of a wider £93m portfolio deal with Network Space.
Central 23 has also been supported by a grant from the Regional Growth Fund. Construction is expected to complete in spring 2020. The agents are CBRE and DTRE.
Catherine Chilvers, senior development manager at Network Space Developments said: “Provision of industrial warehouse space of this size and quality this close to the city centre is a rarity and it is particularly satisfying to be advancing Central 23 on a brownfield site that has sat vacant for many years.
“Its position on the fringe of the city centre means the development is perfectly placed to appeal to a wide range of businesses who require access into the city and the wider conurbation.”