Runcorn-based firm LPW has agreed a pre-let deal to relocate its headquarters to a new 70,000 sq ft Widnes site.
The advanced manufacturing technology company will move to a base within the Venture Fields masterplan, which covers an 11-acre plot being transformed into a leisure, advanced manufacturing and distribution scheme.
National logistics developer db symmetry, working in a joint venture with Halton Borough Council, secured the tenant for the development, which is located within the Widnes Waterfront regeneration area.
Portal Construction has been appointed as main contractor and is now on site working with AEW Architects, Tier Consulting, C4 Consulting and KGA to deliver the new facility, which is scheduled for completion in September 2017.
Announcing the deal, db symmetry director Andrew Dickman says: “With approximately £70 million estimated to be invested in this area to develop commercial, leisure and residential opportunities and key infrastructure projects such as the new Mersey crossing coming forward, Venture Fields is becoming a well-established business destination. Securing a pre-let to a highly respected company such as LPW is a ringing endorsement of that.”
Phil Carroll, CEO at LPW, which currently occupies a 20,000 sq ft headquarters in Runcorn and has additional locations including a Sci-Tech Daresbury research facility and operations around the world, adds: “This is an exciting chapter for the business and the region’s advanced manufacturing sector as a whole. Our new facility is dedicated to manufacturing metal powders for Additive Manufacturing.
“We are planning to create more than 120 new high quality jobs by 2018 and this will be the largest single investment in metal Additive Manufacturing in the UK to date.”
An 18,000 sq ft Pure Gym has already been developed at Venture Fields.
B8 Real Estate & CBRE advised db symmetry on the pre-let deal, and LPW was represented by Aherne Property Consultants.