Green light for major industrial and logistics scheme
Atlantic Park. (Photo credit: Royal London Asset Management Property)
Royal London Asset Management Property has secured detailed planning permission for a prominent business park development in Sefton which, once complete, could support more than 1,000 jobs. The scheme aims to meet the growing demand within the City Region’s Freeport.
The property company is behind the redevelopment of Atlantic Park, which is a 800,000 sq ft industrial and logistics scheme to the north of Liverpool.
The overall project comprises seven units ranging from 43,000 sq ft to 210,000 sq ft.
Phase one of the development, made up of two units, was granted in June[1].
Backing has now been secured for the second phase[2] which comprises five industrial buildings – ranging from 53,754 sq ft to 210,003 sq ft.
Atlantic Park will be developed to a high specification, featuring electric vehicle charging points in all buildings, solar panels and sustainable urban drainage systems, and is targeting a BREEAM Excellent rating and EPC rating A.
The 41.5-acre site is located two miles from Liverpool 2 deep-water container terminal, on the intersection of the M57/M58 motorways.
Future occupiers of the park will benefit from sitting within a Customs Zone of Liverpool Freeport, which are designed to boost economic growth.
As part of its strategic initiative to bring underused brownfield sites back to operation, the project built on a former Rolls Royce factory site represents a significant milestone in Royal London Asset Management Property’s expansion within the UK’s rapidly growing logistics sector.
Matthew Barnes, senior asset manager at Royal London Asset Management Property, said: “To have the opportunity to deliver a high-quality industrial development to this rapidly evolving and strategically important location is exciting for Royal London Asset Management Property.
“Atlantic Park represents a significant strategic investment, bringing high-quality, sustainable logistics and advanced manufacturing space to a market with limited supply and rising occupier ESG standards.”
References
- ^ was granted in June (www.insidermedia.com)
- ^ the second phase (www.insidermedia.com)
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