Opus North buys Runcorn site for £3m

Michael Hunt

Development and investment company Opus North has bought a site opposite Halton Lea shopping centre in Runcorn for £3m.

The Ilkley-based company bought the 4-acre site, located in West Lane, from a private investor, which includes a two storey office building called Vestric House, previously occupied by Coventry-based AAH Pharmaceuticals. AAH has surrendered its 13-year lease on the 25,000 sq ft building.

Andrew Duncan-MD of Opus NorthAndrew Duncan, managing director of Opus North, said: "This is a tremendous development opportunity. Vestric House was falling into disrepair and it is our intention to demolish it and redevelop the whole site.

"This will create a new development area for central Runcorn, complementing the popular Halton Lea shopping centre. It will be the final part of the retail jigsaw for this part of the town and will create a number of much-needed jobs."

Duncan now heads Opus Land's northern division, after it was decided recently that the company's operations in the midlands and the north should be separated. Both divisions will continue to be backed by Palmer Capital Partners.

He added: "This was our first deal as Opus North and it is a cracking one to start off with. It a very satisfactory transaction for all parties and will breathe new life into a site which has been vacant for several years."

Your Comments

Read our comments policy here

Interesting! I have been wondering what was going on here as the site is now demolished and cleared. Can anyone verify whether the new site will be for retail or office use?

By Chris

Pity they did not buy the biggest eyesore in Runcorn – the Dept of Employment building. Pub and shops next to Asda in an area which pedestrians cannot access – would have been better owned by Asda to make up for the poor shopping facilities in Runcorn. Wont invest in this company.

By Jones