Northern Trust has completed the 30,800 sq ft first phase of its ERDF-funded industrial and workshop development in St Helens.
Mike Grindrod, director of Northern Trust, said: "Despite the current difficult economic climate, the board of Northern Trust took the decision to invest in the region and develop the first phase of this £7.5m, scheme at Gerards Park off College Street. The scheme has already proved popular and with a number of pre-lets already confirmed we are confident Gerards Park will prove a huge success. The development offers an excellent product in a first class location, suitable for new and existing businesses looking to start up, expand or relocate to the St Helens area."
With the assistance of European Regional Development Fund money, Northern Trust plans to develop out the site in three phases. The first phase comprises 21 units split into three blocks with sizes ranging from 537 sq ft up to 3,789 sq ft. Units over 1,000 sq ft include a fully fitted office. Concrete service yards will provide adequate circulation and loading facilities and there is car parking and landscaping around the scheme. The development has achieved a BREEAM 'excellent' rating.
The site remediation will bring forward three acres for future development, and initial plans include the provision of a c30,000 sq ft modern office building which could be available on a pre-let basis.
Gerards Park is located between St Helens town centre and the A580 East Lancs Road.
Sir Howard Bernstein, vice chairman of the North West European Regional Development Fund Local Management Committee, added: "This is an important project for the local economy which the North West European Regional Development Fund programme is pleased to have supported. Gerards Park will provide a major boost to the area, creating local jobs and supporting local businesses and the completion of this initial phase of the work is a key step along the way."
The new development will be managed and marketed by Northern Trust's in-house management company Whittle Jones North West.