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14/06/2018

Work To Start On £8m Second Phase Of Alchemy Business Park

Caddick Construction is to start work on the second phase of a new business park project in Knowsley.

The £8 million Element project at Alchemy Business Park will total 103,500 sq ft and work will start on site in June, with completion expected in May 2019.

The scheme involves building three self-contained, highly specified industrial warehouse units of 22,900, 35,200 and 45,450 sq ft. The units have each been designed to appeal to a wide range of logistics and industrial occupiers and will feature large self-contained and segregated yards, office and car park provision with 10m eave heights and dock level access provision on the two larger units.

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Network Space said the project follows on from two other similarly sized speculative industrial warehouse schemes being delivered by Caddick in St Helens and Stoke respectively.

The project is also being supported by a £1.8m Local Growth Fund grant provided by the Liverpool City Region Combined Regional Authority through its Single Investment Fund.

Stephen Barnes, Managing Director (Development) at Network Space, said: "We are delighted to be bringing forward this latest scheme following successful starts elsewhere in the region and we are very grateful to both the Combined Authority and Knowsley MBC for their ongoing support. It is well known that there remains a shortage of industrial warehouse space across the region, especially of this quality.

"This, coupled with the prominence and accessibility of the location and presentation of the site, makes Element a very compelling proposition."

(LM/MH)

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