Ellesmere Port’s 22-acre Hooton Park industrial development site has been acquired by Redsun Developments.
The plot within North Road Industrial Estate remains undeveloped since it was previously used as an RAF airfield.
Hooton Park, which forms part of the Cheshire Science Corridor and therefore benefits from Enterprise Zone status, was sold by the Homes & Communities Agency.
Redsun expects to secure full planning consent for a 450,000 sq ft logistics/manufacturing scheme in early 2018, and anticipates that the development would be of particular benefit to potential occupiers within the aerospace and automotive supply chains which are already well established within the area.
Current nearby North Road Industrial Estate occupiers include Plastic Omnium, Less Common Metals, DHL/Jaguar Land Rover and the Vauxhall Motors assembly plant.
Nick Wightman, director of Redsun Developments, says: “There is a genuine shortage of good quality large sized units in this part of the region and we are confident this development will prove attractive to occupiers and investors alike.”
Rob Taylor, director of Knight Frank which advised Redsun on the acquisition alongside Stewart Montrose and Addleshaw Goddard, adds: “Hooton Park is a well located site within the Merseyside region. There is a strong occupational story here, with excellent infrastructure investments over the last two to three years, and strong availability of labour. These provide the perfect ingredients for being a successful industrial development location.”
The Homes & Communities Agency were advised by Jones Lang LaSalle and Pinsent Masons.