Work begins on new Liverpool International Business Park facility

Work is now underway on the biggest speculative warehouse development in Liverpool in a decade.

Known as L175, the 175,000 sq ft scheme at Liverpool International Business Park is due for completion in August.

Peel Logistics, the partnership launched by property investment firm Peel and investment banking group Macquarie Capital, is the organisation behind the development.

Matthew Fitton, Peel Logistics’ development director, said: “The commitment by Peel Logistics to the 175,000 sq ft speculative development at Liverpool International Business Park is further evidence that the joint venture between Peel Land and Property and Macquarie Capital is quickly developing a track record in the delivery of Grade A logistics warehousing facilities.

“This track record is further evidenced by the excellent progress being made at Port Salford, where the construction of the 280,000 sq ft facility pre let to Culina Logistics is well advanced, with completion scheduled for March 2016.”

Liverpool International Business Park, where existing tenants include retailer B&M and printing firm Prinovis, is located next to John Lennon Airport and 12 miles from Peel Ports’ £300m deepwater container terminal Liverpool2.

Mr Fitton continued: “We are witnessing high levels of take up in the region from the e-commerce sectors whilst the move to on-shoring by the UK’s resurgent manufacturing sectors will make L175 appealing to occupiers.”

Peel has chosen Preston-based Eric Wright Construction to build the facility.