Property developer Redsun Developments has completed an industrial project in Bromborough and secured a Wirral-based company as anchor tenant for the scheme.
Redsun purchased the six acre site in Tebay Road, located on the edge of Wirral International Business Park in Bromborough, from Thermal Ceramics in 2009 for an undisclosed sum.
The development includes a 60,000 sq ft industrial unit, which is being occupied by aerospace manufacturer CML Group, and a new build 45,000 sq ft warehouse and an 8,000 sq ft office building.
CML has long been based in Birkenhead and needed to expand its composites division. The recently completed building which has achieved 'very good' energy efficiency standard, is to be occupied solely for composites manufacture. Details of the rental agreement were not disclosed.
Craig Booton, managing director of Redsun Developments, said: "We've worked closely with CML to produce a modern, efficient flagship building, which will provide the foundations from which to market themselves and their skills to the global aerospace industry."
The £4.85m development received £2.3m towards the project from the European Regional Development Fund and the North West Development Agency.
David Malpass, director of the European programme, added: "Development of the former Thermal Ceramics site at Tebay Road will result in the reclamation and redevelopment of brownfield land, benefitting businesses, local communities and the economy."
The development of the Tebay Road site fits with the aims of Wirral Council's 2008 employment land study which identifies a need for more quality sites and premises to attract further investment in the borough.
Cllr Andrew Hodson, cabinet member for regeneration and planning strategy at the council, said: "Redsun have worked closely with Wirral Council on this project which has the potential to create up to 350 jobs and will bring over 100,000 sq ft of new floorspace to the market at what was previously a derelict brownfield site. We need more quality business premises in the borough and Tebay Road has set the standard for future developments in Wirral."
Redsun is set to undertake a further development in Bromborough at an 8 acre site, the details of which are to be released shortly.
The warehouse and the office building at the Tebay Road site also achieved high scores under the BREEAM scheme.