Capital & Centric has commenced the speculative construction of Hangar 1 and 2 at Estuary Commerce Park in Speke.
The four acre site, which was purchased from the Homes and Communities Agency in December 2014, will be home to 40,000 sq ft (3,716 sq m) of office and warehouse accommodation, including laboratory, research and development space targeted towards small to medium sized enterprises.
Capital & Centric has appointed Seddon to build the £3m development, which includes the creation of a new road access and the landscaping of surrounding areas.
The European Regional Development Fund provided gap funding of £1.42m. The speculative scheme will be super energy efficient and is designed to achieve BREEAM Excellent rating. Once completed the site will create an additional 150 jobs for the region.
Capital & Centric's director Adam Higgins said:
"It is fantastic to be onsite with another speculative scheme for the region, our fourth live construction site. We've focused on energy efficiency, interesting design and high quality construction. We're confident we will attract some exciting, fast growing businesses to the development that will fit right in with the surrounding organisations.”
Carl Wilde, Seddon's Regional Director for the North West, said:
"This is an important development for Speke, creating jobs and high-quality office space for local businesses and people. Capital & Centric has already demonstrated its ability to inject new life into sites that have lain dormant during the recession. We are delighted to have been chosen to work with Capital & Centric on this exciting project and look forward to adding it to our growing portfolio of commercial construction projects.”
Joe Anderson, Mayor of Liverpool said;
"Estuary Commerce Park has long been established as a great employment generator for south Liverpool and Capital & Centric's involvement in this site has provided fantastic opportunities over the last five years. Their success there has been enhanced by their willingness to develop speculatively so that potential occupiers can see and feel the space before making a decision. It's great to see the next phase underway.”
Capital & Centric acted for themselves to purchase the land. Zerum is the PM /QS and Fletcher Rae is the architect. Letting agents are CBRE and JLL.