Redsun agrees two deals at Huyton Business Park

Developer Redsun has delivered two units totalling 35,000 sq ft at Huyton Business Park, with both already sold to different occupiers.

The first unit of 20,000 sq ft has been sold to Viking Life Saving Equipment, which will be used as the company’s centralised UK base. Danish-owned Viking has 260 servicing stations across 40 countries and services maritime life-saving equipment.

Viking was represented by Roy Backhouse & Co, while GVA represented Redsun.

The second 15,000 sq ft unit has been sold to Peter Stevens Estates, a Cumbria-based property company which specialises in investment and letting of industrial property in the North West.

Peter Stevens Estates was represented by John Burrows of B8 Real Estate, who said: “We are seeing strong investor demand for good quality vacant industrial units such as this Redsun scheme. This is being fuelled by a lack of supply of income producing investment stock, coupled with an extremely healthy occupier market within the North West region.

“There remains only limited development of new SME industrial units within the region and this continued lack of stock, together with strong occupier demand, is set to result in continued rental growth.”

Both sales were for an undisclosed sum.

The deals are the latest in a flurry of activity from Redsun, which has already completed a number of purchases and sales in the first four months of the year.

In February, the company bought a 22-acre industrial development site, Hooton Park, in Ellesmere Port from the Homes & Communities Agency. It submitted a detailed application for 450,000 sq ft of new-build industrial space at the site in March.

Redsun also sold Helix Business Park in Ellesmere Port to Chester-based Gaerwen Properties in February, again for an undisclosed sum.