Royal London welcomes port operator to Atlantic Park

Underlining the lack of portside storage space remaining at Peel Ports' Seaforth docks, subsidiary Mersey Docks & Harbour Company has signed a five-year lease on vacant former Rolls-Royce warehouses at Royal London Asset Management's Atlantic Park nearby.

Represented by Savills, RLAM let three adjoining industrial units at Atlantic Park totalling 210,000 sq ft, which the agent said was the largest leasehold deal to take place in Merseyside in the past 12 months.

Atlantic Park is in Dunningsbridge Road one mile from the M57 and M58 and two miles from the Port of Liverpool at Seaforth.

Jonathan Atherton, industrial director at Savills, said: "MDHB was one of a number of occupiers looking at these units at Atlantic Park, which is the closest development site to the Port. This letting will further facilitate the Port's expansion and reinforces the importance and influence the SuperPort will have on the region. We are confident of securing tenants for the remaining 90,000 sq ft of existing space and development plots in due course."

Peel Ports' £300m deep-water shipping terminal, called Liverpool 2, is due to complete in the middle of the Mersey at the end of this year, greatly increasing the size of ships and volume of cargo that can pass through the port, putting it in a better position to compete with Southern ports.

Savills acted jointly with GVA. MDHB was unrepresented.