Mid box and urban logistics developer Chancerygate has started construction work on phase two of its Mersey Reach development in Aintree to deliver a further 12 new build units totalling 102,485 sq ft.
Units will range from 4,000 sq ft to 30,000 sq ft. Phase two is being built by Triton Construction, which won a competitive tender for the £6.2m construction contract.
Situated on Dunnings Bridge Road, Mersey Reach is being developed in response to strong demand for high quality, new build industrial space across the Liverpool City Region and wider North West.
Chancerygate sold phase one of Mersey Reach to Northwood Investors at the end of last year and has also pre-sold Phase two to the real estate private equity firm. The two deals highlight the continued growing demand from investors for industrial logistics space and for strategic locations created within the Liverpool City Region.
Practical completion of phase two is scheduled for January 2022.
Chancerygate currently has up to three million sq ft of industrial space under construction or ready for development across 23 sites ranging from Bournemouth to Edinburgh.