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Next Alchemy phase secures planning approval and funding

A new industrial workspace is set to be developed at Knowsley’s Alchemy site after securing planning approval and funding.

Network Space has been granted £1.8 million from the Liverpool City Region Combined Authority Single Investment Fund (SIF) to deliver ‘Element’, which marks the next phase of development on the strategic 30-acre plot.

The project will be made up of three new speculative units of 22,000 sq ft, 35,000 sq ft and 46,000 sq ft, and is expected to get underway on site in late 2017. It’s due for completion in autumn 2018.

Outline planning consent has also been given to deliver 150,000 sq ft in later phases on the remaining land at Alchemy.

This latest stage will complement Network Space’s fully occupied first phase development, which totals 100,000 sq ft but comprises smaller units ranging from 6,000 to 12,000 sq ft.

Occupiers including National Grid, Lombard Shipping, Smith News, Autex, Norhern Print and Greenbridge Technologies.

Stephen Barnes, managing director of development for Network Space, says: “Element is one of a number of industrial warehouse schemes that we are delivering speculatively this year as we seek to enlarge our retained industrial property portfolio.  Our first phase scheme at Alchemy called Platinum Court has been fully occupied for some time now and we wanted this next phase, Element, to both complement phase one whilst also providing occupiers with a different offer.

“Each of the three proposed larger units is self-contained and features dedicated and generous yards and, in the case of the larger two units, dock loading facilities.”

Councillor Graham Morgan, Knowsley Council’s cabinet member for regeneration and economic development, adds: “The Element development at Alchemy is the first of its scale and nature to be developed across the Liverpool City Region for a number of years and its position on Knowsley Business Park provides exceptional transport links to Liverpool, Manchester and beyond.

“This latest phase of development is a further demonstration of the confidence that developers have in choosing Knowsley as a place to invest and do business.”

CBRE and B8 Real Estate have been retained by Network Space for Element at Alchemy.