October 2017
Public Consultation for 100,000 sq ft distribution logistics warehouse takes place

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Royal London Mutual Insurance Society are well on the way to preparing a planning application for a 100,000 sq ft distribution logistics warehouse at Atlantic Park.

As part of the planning process a public consultation took place at Netherton Community Centre on Thursday 19 October 2017, where people from all areas of the community were invited to see the plans first hand.

The planning application is on track to be submitted before Christmas 2017 and this detailed planning consent is covered by an overall planning consent for Atlantic Park.

Construction is anticipated to start in the second quarter 2018 with completion within 40 weeks.


March 2017
Kura selects Liverpool City Region for its first
contact centre outside of Scotland

  • Creating up to 200 new jobs for the area and adding 400 seats to their portfolio
  • Kura’s first contact centre in England will cover over 34,000 sq ft of office space

Outsourced contact centre and software specialist Kura has selected Sefton for a major new site and its first outside of Scotland.  The Glasgow-based company will occupy Caspian House at Atlantic Park, which is expected to house over 400 employees.

The move comes after Kura was selected as a strategic partner of Scottish Power for the next 5 years to become the utility giant’s largest outsource customer services provider.  Following the highly competitive tender process which started in January 2016, Kura will provide Telephony handling services in the United Kingdom from 1st April 2017 onwards. The new telephony contracts meet Scottish Power’s promise of delivering all call handling services from UK based contact centres.  The new contracts will also support current service teams and local communities by focusing on contact centres in existing Scottish Power regions.

When the new centre opens at Atlantic Park on Saturday 1st April, it will house 200 contact centre advisors, leaving an additional 200 seats available for Kura’s ambitious growth plans.

“We’re delighted to be opening this major new site in the thriving Liverpool area.” said Brian Bannatyne, Chief Executive of Kura. “Sefton offers a fantastic platform for our expansion within the UK and will create new jobs for those in the area.  At Kura we’re out to build a very different business in our industry, one that is focused on its people and their development.  Our philosophy is to help people be the best they can be and our vision is to be recognised across all organisations as unrivalled in developing people. Caspian House will be a flagship site, creating the right learning environment for the culture we are building."

The new site in Sefton is one of two major new sites opening this year with another in the North of Scotland, based at Forres.  This will add an additional 700 seats to their rapidly expanding portfolio.  As part of the new deal, Kura will TUPE transfer 500 employees directly from Capita.

Margaret Carney, Chief Executive at Sefton Council, said: “We are delighted to welcome Kura to Sefton in what is a fantastic boost for the local economy.  The new call centre at Caspian House will create new jobs within the borough and I know the organisation has been supported by the fantastic teams at Invest Sefton and Sefton@Work.”

“Kura selecting Atlantic Park as the home for its first contact centre outside of Scotland shows that it sees the borough as the perfect springboard for future growth in the UK and reinforces that Sefton is open for business.”

ScottishPower’s Customer Service Director, Lynda Clayton said: “ScottishPower is already a significant employer across Merseyside, and we are pleased that our agreement with Kura will see a new office open in Sefton, creating many jobs. We are looking forward to working closely with Kura to deliver best in class service to our customers.”
 
Welcoming the announcement Mark Basnett, Managing Director of the Liverpool City Region Local Enterprise Partnership said: “Working alongside Sefton Council and their Invest Sefton team, we’ve supported Kura’s decision-making process every step of the way, supplying information and advice about demographics, skills and lifestyle.”
 
“As well as creating new job opportunities, this move again underlines that Liverpool City Region is a brilliant location to base business process outsourcing centres. The LEP and Invest Sefton will continue to work closely with Kura to support their future plans.”

Gareth Dickinson, head of property at Caspian House owner Royal London Asset Management (RLAM), says: “We are very pleased to welcome Kura to Atlantic Park. The fact that the company has chosen Caspian House as the location for its first call centre outside of Scotland is testament to the quality of the offering at the park.”

July 2015
Letting at Alaska House to Balfour Beatty

Balfour Beatty Rail has signed a 10-year lease on a 14,500 sq ft office within Royal London Asset Management's Alaska House in Atlantic Park, Liverpool.

Balfour Beatty will occupy the whole second floor and part of the first floor of the building.

This latest letting follows from Turtle Wax's recent establishment of its EMEA Headquarters at Alaska House. Other occupiers include Capita and One Vision Housing.

CBRE and GVA are joint agents on the building, while Matthews & Goodman represented Balfour Beatty Rail.

Neil Kirkham, associate director of office agency at CBRE's Liverpool office, said: "Atlantic Park is situated in an excellent location in the North West and continues to prove to be an attractive proposition for companies seeking Grade A offices within an established and successful commercial area."


May 2015
Boadband Connection Voucher Scheme Launched

The Connection Vouchers Scheme offers businesses, charities and social enterprises in Liverpool City Region the opportunity to apply for grants worth up to £3,000 to cover the cost of high-speed broadband installation.

The connection vouchers (between £100 and £3000) will pay towards the fixed cost of getting you connected; you pay the ongoing line rental charge and VAT.

If you're a landlord or tenant sharing a commercial building you can also pool your vouchers together to pay for a new shared connection. For further information go to:

Invest Sefton

Merseyside Business Support Programme

Liverpool.gov.uk


February 2015
Members of Sefton Council view Turtle Wax offices

Members of Sefton Council were recently invited to view the new offices of Turtle Wax and meet staff, on the 4th floor of Alaska House, Atlantic Park.

Mark Brickhill, President EMEA Region at Turtle Wax, welcomed the Leader of Sefton Council - Cllr P Dowd, as well as a group of other Sefton Council members and officers to the offices.

The Head of property from Royal London, Gareth Dickinson and Nigel Lax from Industrial Securities, were also on hand to greet guests and present Alaska House. Gareth Dickinson, said; "We are delighted to be welcoming yet another reputable global organisation to our tenant mix at Atlantic Park. The Park has continued to perform well and attract tenants and we credit this to the quality of product and location which are such key drivers for occupiers."

Atlantic Park has attracted a number of high profile occupiers such as Mersey Docks & Harbour Company, Capita and One Vision Housing due to its strategic location near to the Port of Liverpool, with connectivity to all major motorway networks via the M57 and M58 motorways as well being only 20 minutes by car from Liverpool John Lennon Airport.

From left: Cllr Ian Maher - Sefton Council Regeneration and Tourism, Margaret Carney - Sefton Council Chief Executive, Gareth Dickinson - Royal London Head of Property, Mark Brickhill President EMEA Region at Turtle Wax, Nigel Lax - Director of Industrial Securities, Cllr Peter Dowd - Leader of Sefton Council.

Members of Sefton Council pictured with Turtle Wax staff


February 2015
Royal London welcomes port operator to Atlantic Park in largest Merseyside let for 12 months

Underlining the lack of portside storage space remaining at Peel Ports' Seaforth docks, subsidiary Mersey Docks & Harbour Company has signed a five-year lease on vacant former Rolls-Royce warehouses at Royal London Asset Management's Atlantic Park nearby.

Represented by Savills, RLAM let three adjoining industrial units at Atlantic Park totalling 210,000 sq ft, which the agent said was the largest leasehold deal to take place in Merseyside in the past 12 months.

Atlantic Park is in Dunningsbridge Road one mile from the M57 and M58 and two miles from the Port of Liverpool at Seaforth.

Jonathan Atherton, industrial director at Savills, said: "MDHB was one of a number of occupiers looking at these units at Atlantic Park, which is the closest development site to the Port. This letting will further facilitate the Port's expansion and reinforces the importance and influence the SuperPort will have on the region. We are confident of securing tenants for the remaining 90,000 sq ft of existing space and development plots in due course."

Peel Ports' £300m deep-water shipping terminal, called Liverpool 2, is due to complete in the middle of the Mersey at the end of this year, greatly increasing the size of ships and volume of cargo that can pass through the port, putting it in a better position to compete with Southern ports.

Savills acted jointly with GVA. MDHB was unrepresented.

September 2014
Turtle Wax relocates to Atlantic Park

Automotive polish manufacturer Turtle Wax is relocating its Europe, Middle East and Africa (EMEA) headquarters from Skelmersdale to Liverpool.

The company has signed a ten-year lease for 4,951 sq ft of offices on the fourth floor of the grade A Alaska House building in the 52-acre Atlantic Park business park. It is moving from East Gillibrands in Skelmersdale.
"We are excited that Liverpool will provide a great environment as our new EMEA headquarters to operate and grow our business moving forward. This move will contribute to a stronger culture that will enable our longer term strategic objectives," said Tom Healy, chief operating officer and interim president EMEA at Turtle Wax.
CBRE's Liverpool Office Agency team has secured the letting. Associate director Neil Kirkham said: "Atlantic Park is undoubtedly one of the best located sites in the North West and offered Turtle Wax the high quality of offices it required within a building with the right presence for an EMEA headquarter operation."

Gareth Dickinson, head of property at Royal London Mutual Insurance Society, owner of Atlantic Park, added: "The park has continued to perform well and attract tenants and we credit this to the quality of product and location which are such key drivers for occupiers."

Alaska House

November 2013
Aston Martin uses BIG FT for launch of the new V12 Vantage S

Aston Martin recently used the premises of BIG FT for a photo shoot, to launch the critically acclaimed V12 Vantage S - Aston Martin's 'most extreme sports car'. The super car boasts 565 bhp at 6,750 rpm and 0-60mph is achieved in only 3.7 seconds and has been described by many motoring journals as ' the best car Aston Martin makes!'

vantagev12

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26 June 2012
The BIG FT Breakfast is a BIG success!

The 26th June saw around 30 senior agents from the North West attend a private Breakfast at BIG FT to see first hand the recently completed refurbishment of the industrial and warehouse space. Also in attendance were representatives from Sefton Council as well as prospective tenants.


Top: Andrew Pexton of joint agents GVA addresses the guests.
Bottom left: Julien Kenny-Levick of Colliers International is presented with his prize by Gareth Dickinson of Royal London Asset Management.

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June 2012
BIG FT refurbishment is now complete

The refurbishment works for 180,000 sq ft of vacant space at Big Ft have now been completed. The contract was for 3 months and was completed on time on Friday 22nd June, ahead of the breakfast launch for regional interested parties and Industrial agents.

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June 2012
Refurbishment of BIG FT

The owners of Atlantic Park have recently committed to refurbishment works at the current vacant Industrial units BIG FT.

The space is suitable for accommodating a wide range of uses from warehousing to manufacturing. BIG FT comprises four interconnecting bays, two of which are let to tenants. The remaining vacant areas- representing approximately 180,000 square feet, are part of a refurbishment scheme which will ensure the vacant space is ready to accept new tenants.

The building roof is having an overhaul to ensure the space is water tight; safety netting is installed to the internal roof line to enable any future maintenance work to take place safely at the 18.0m eaves inside the building. Additional access doors and associated concrete roads have been installed to give the building greater flexibility in its operation.

BIG FT units have also received paint to the internal walls and all ancillary office and welfare areas have been decorated.

Electrical testing of building systems and the craneage has also taken place. The space is ready for occupation or accept any specialist works by future occupiers. The contract awarded was for 3 months and will be completed on Friday 22nd June  ahead of a breakfast launch for regional interested parties and Industrial agents.

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March 2012
Sefton Economic Forum - Caspian House

The 20th Sefton Economic Forum was held at Caspian House, on Wednesday, 21st March 2012 and was organised by InvestSefton, Sefton Council and Sefton Chamber of Commerce.

The Economic Forum is Sefton's premier networking and consultation event and gives all businesses the opportunity to have a voice in the economic development of Sefton. Businesses were invited to the free event to learn how they could improve their productivity and transport themselves to a better position.

Companies heard from Sefton's Travel Team who promote and support sustainable travel initiatives in the borough. The team is managed by Sefton Council in partnership with Merseytravel and Sefton@Work with the aim of improving and supporting access to employment opportunities using sustainable modes of transport.

Attendees also got the opportunity to comment on the emerging Sefton Economic Strategy, and to learn about Google's legacy programme and how it can help businesses.

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July 2011
Sefton Economic Forum - Caspian House

The Sefton Economic Forum was held at Caspian House, on Tuesday, 12th July and was organised by InvestSefton, Sefton Council and Sefton Chamber of Commerce.

After the Forum, the Lord Mayor of Sefton (Councillor Paul Cummins) officially opened Atlantic Park with a ribbon cutting ceremony. In attendance from left to right were Steve Dickson (Sefton Chamber), Gavin Quinn (InvestSefton), Margaret Carney (Sefton Council's Chief Executive), Gareth Dickinson (Royal London Asset Management) and Rob Currie (Industrial Securities).

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July 2011
Infrastructure & Landscape Work Makes Atlantic Park Development - Ready

Royal London Asset Management has completed infrastructure work at the 52-acre Atlantic Park in Sefton.

The project represents the single biggest investment in the site to date and follows two phases of speculative office development, Alaska House and Caspian House, and marketing the region’s largest industrial building, The Big Ft.

  aerial 2011

When complete, Atlantic Park is expected to create 1,500 jobs and attract a significant amount of private sector investment to Sefton. 

Civil engineering company Lagan Construction started the infrastructure project in late 2010.  Works included the full upgrade and installation of a new high voltage electrical system with enhanced capacity, new gas distribution system, water and fire mains and a site-wide network of fibre-optic cable ducts which will accommodate the most up to date communication technology and future-proof the site.

The works were part-funded by the NWDA and also include the construction of a spine-road system throughout the park as well as a second controlled access road, which links with Bridal Road and puts Atlantic Park within ten minutes’ reach of Aintree train station.  The roads have been named after seas and waterways associated with the Atlantic Ocean. 

Acoustic boundary fencing and extensive landscaping have been utilised across the site.  Low energy street lighting, close-circuit security and new barrier controls have also been installed.

Rob Currie from Industrial Securities, the development managers acting on behalf of site owners Royal London Asset Management said: “This project has made Atlantic Park a development-ready site.  The finished product will have broad appeal to a wide range of potential occupiers. 

“By investing in high voltage power capability and fibre-optic cabling we have ensured that Atlantic Park has the infrastructure and services it needs to thrive and appeal to a mix of business and industrial users.  We expect this investment to help generate enquiries.”

Atlantic Park comprises:

  • Alaska House, a 46,000 sq ft a Grade A five-storey office building with on-site car parking. Capita Symonds let the third floor at the end of 2010 in a 13 year lease.  Space is available to let.
  • Caspian House, a refurbished and remodelled Grade A office building of 35,000 sq ft, all on a single footprint. The building has 136 on-site car parking spaces. New to market, Caspian House is available to let.
  • The Big Ft, the region’s largest industrial building at 320,000 sq ft. Space is available to let.

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April 2011
Grade A Caspian House Available To Let At Atlantic Park

Atlantic Park’s Caspian House is now available to let, bringing 35,000 sq ft of remodelled Grade A office space to the Merseyside market.


Caspian House offers one of the largest floor plates in the North West office market and is available as a whole or can be sub-divided into two self-contained buildings.

  newpic

The building has undergone a £2.2m programme of refurbishment and remodelling works and is the second speculative phase of office development at Atlantic Park, which has received £3.1m funding from the European Regional Development Fund and a further £1.6m from the Northwest Regional Development Agency (NWDA).

Caspian House meets the BREEAM standard ‘very good’ and includes a new, feature double height entrance, a mezzanine floor and an external courtyard area.  The building is served by 136 dedicated on-site car parking spaces.
 
Ian Steele from GVA, the letting agent for the scheme said: "Caspian House is the only office scheme to have been speculatively developed in the decentralised Merseyside office market during the last 18 months. 
 
“Although this is a remodelled building, Caspian House competes directly with new build space and offers occupiers the unique opportunity of acquiring 35,000sq.ft on a single floor plate.
 
"Fully remodelled to Grade A standards, Caspian House represents excellent value for money in a well-located, quality business park environment."
Industrial Securities, the development manager acting for land owners Royal London Asset Management, managed the programme of works. Russells Construction was the contractor.
 
Gareth Russell, construction director for Russells Construction, said: “The refurbishment has been designed to maximise the space and natural light of the existing building, creating a pleasant working environment within a self-contained and sustainable building. We’re pleased to have delivered this important project which will act as a catalyst for further economic regeneration of the area."

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February 2011
The Winner of the Atlantic Park February Competition is...

Robert Diggle of Edward Symmons.

Congratulations to Robert! Thank you to all who entered. Watch this space for future competitions and news.

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February 2011
Caspian House now available

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January 2011
The Winner of the Atlantic Park January Competition is...

David Porter of Knight Frank.

Congratulations to David! For another chance to win a £50 John Lewis voucher watch out for details of our next Competition, later this month!

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January 2011
Infrastructure work well on course

janupdatepics

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December 2010
The Winner of the Atlantic Park Christmas Competition is...

Jon Swain of Mason & Partners.

Congratulations to Jon! For another chance to win a £50 John Lewis voucher watch out for details of our January Competition.

Seasons Greetings and all the best for 2011!

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November 2010
Capita takes 9,928 sq ft at Alaska House

Capita has agreed to take the third floor of Alaska House totalling 9,928 sq ft. Mark Worthington, director at CB Richard Ellis in Liverpool, said: "We are absolutely delighted to have attracted Capita to Atlantic Park. The letting is a major boost for the development which is of great importance to the south Sefton area and represents the largest out of town transaction in Liverpool this year."  

The move provides Capita Symonds’ 134 staff with an improved collaborative work environment in a five storey, “Grade A” office facility.”Grade A classification identifies Alaska House to be in a prime location with excellent standards of development.  Alaska house also has a BREEAM (Building Research Establishment Environmental Assessment Method) ‘very good’ rating, This means that Alaska House has met rigorous environmental performance criteria, relating to land use, ecology, energy efficiency and healthy internal working conditions. The team will occupy the third floor of the building and are due to move in at the end of January 2011.

The Landlord, Royal London Mutual Insurance Society has invested over £37m in the regeneration and development of Atlantic Park.  Royal London Mutual Insurance Society are pleased to welcome Capita Symonds to their development, as a renowned FTSE 100 company that will help attract other major organisations. Another added bonus is that Capita Symonds works within the local community, is connected to the area, and is actively committed to creating more and more local jobs as the business develops.

Gary Massey, Business Director for Capita Symonds Sefton says “We’ve given detailed consideration of a number of options for the new business location over the past year. I believe that Alaska House will help us to realise both ours and the Council’s ambitions of improved service delivery and business growth within the borough as well as providing our staff and visitors with a first class environment.  .”

Associate Commercial Manager and Project Manager for the office move, Andy Archer, said: “We are really pleased to have secured this opportunity with The Royal London Mutual Insurance Society and to be part of the wider Atlantic Park development, which is progressing rapidly. The new office will make a positive difference to staff and visitors, and will set the benchmark for future Capita Symonds office facilities.”

To view coverage on the Capita Web Site, click here:

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November 2010
Caspian House on programme for completion

Work is continuing on programme of the £2.2m refurbishment of Caspian House - the 35,000 sq ft office building at Atlantic Park. Russells Construction, the Trafford based contractor is coming to the end of the six-month remodelling project with completion expected this Winter. The building will meet the BREEAM standard ‘very good’ and will be served by 136 dedicated on-site car parking spaces.   

caspian

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October 2010
Infrastructure work commenced by Lagan Construction

infrastructure

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October 2010
£2.2M Revamp Deal for Russells Construction

Russells Construction has been appointed contractor for a £2.2m contract with landowner Royal London Asset Management and development management partner Industrial Securities, for the refurbishment of a 35,000 sq ft office building at Atlantic Park. The Trafford-based contractor has commenced work on the six-month remodelling project at Caspian House, part of the 800,000 sq ft mixed use business park in north Liverpool.

Formerly the offices of Rolls Royce, the redevelopment will see the self-contained Caspian House building updated and remodelled, removing the existing small office layout and creating Grade A, open-plan space. The building will meet the BREEAM standard ‘very good’ and will be served by 136 dedicated on-site car parking spaces.  It will also feature double height sections to bring additional natural light into the space as well as fully accessible raised floors and LG7 lighting.

Having won the contract on competitive tender, Russells will be responsible for the internal fit out, mechanical and electrical engineering works, replacement roof, car park and external landscaping during a 26-week programme.

Gareth Russell, construction director of Russells Construction, said: “We’re delighted to have secured this £2.2m contract with Royal London. We believe that building strong relationships with our clients, and delivering schemes on time and on budget, will result in them coming back to us time and again. I’m pleased to see that this philosophy has seen Royal London, with whom we have worked on several successful commercial office schemes in the past, choose to work with us again.”

The Atlantic Park project is part-funded through £4.7m of grant funding. The scheme to develop 22 hectares on Dunnings Bridge Road in Sefton, has received £3.1m from the European Regional Development Fund and a further £1.6m from the North West Development Agency as part of their commitment to attracting further investment and the creation of up to 1,500 jobs in the area.

Caspian House is the second project Russells has carried out for Royal London at Atlantic Park, with the contractor having completed the refurbishment of the neighbouring warehouse in April 2009. Prior to this, Russells was also responsible for the construction of the Royal London Asset Management’s Orion Business Park and Hercules Business Park in Cheadle.

Rob Currie, development manager for Industrial Securities at Atlantic Park, said: “Having worked with Russells Construction many times in the past we know their reputation for high quality refurbishment projects is well founded. This, combined with the swift development programme and cost competitive tender, were key to our decision.

“Atlantic Park is an important development in the strategic and economic regeneration of this area. This latest phase of development complements Atlantic Park’s existing five-storey flagship Grade A office building, Alaska House, and shows our commitment to improving the quality of out-of-town office accommodation in the local area.”

Russells Construction has developed a specialism for high quality office refurbishments and new build commercial developments. Other recent commercial development projects include the £2m new build office at Springbank House in Altrincham for developer Property Alliance, the completion of a £400,000 head office revamp for haulier Longs of Leeds and the completion of a £400,000 warehouse and office facility for developer J&M Property Management in Runcorn.

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September 2010
£4.7M Expansion for Sefton’s Atlantic Park

To view video of Altantic Park NWDA funding click here.

Up to 1,500 jobs could be created at Atlantic Park in Sefton following the confirmation of a £4.7 million investment from the Northwest European Regional Development Fund (ERDF) programme and the Northwest Regional Development Agency (NWDA).

The investment, made up of £3.1 million ERDF and £1.6 million from the NWDA, will support the delivery of the fourth phase of Atlantic Park, located on Dunnings Bridge Road in Sefton.

The project will involve site preparation and infrastructure works to bring forward 22 hectares of land with the potential to develop approximately 75,000 sq m of office and industrial accommodation, create 1,500 jobs and attract £40 million of private sector investment.

An existing single-storey office building, will also undergo a comprehensive programme of refurbishment and remodelling to provide Grade A office accommodation.

Named Caspian House, the building will provide a modern efficient office space of around 3,500 sq m and will be available as a whole or sub-divided into two individual self-contained units with parking. 

This latest phase of development complements Atlantic Park’s existing five-storey flagship Grade A office building, Alaska House, which was completed in 2008 to increase the quality of out-of-town office accommodation in the local area.

Steven Broomhead, Chief Executive, NWDA, said: 

“The provision of high quality employment sites and office premises is crucial if the region is to continue its strong track record in attracting investment, a key economic driver for the North West.

“The development of the Atlantic Park site, which is designated one of the region’s key strategic regional sites, will play a key role in supporting the growth of the local economy. The site has the potential to generate significant new employment opportunities for the local community and attract new investment into the area and this investment will help to unlock this potential and enable the scheme to move forward.”

Gareth Dickinson of Royal London Asset Management, the owners of the site, said:

“Investment of this scale allows us to kick-start the next phase of our speculative development and is a vital step towards making Atlantic Park a key employment site.

“A 36 week programme of works can now begin and will see us bring additional high quality space and much needed choice to the office market in the north of Liverpool. Caspian House will be completed by the end of the year and the site wide infrastructure will be in place by March 2011.”

Phil Davies, ERDF Programme Monitoring Committee member, said:

“This investment is welcome news for Sefton. It will enable a key business development for the area to move forward that has the potential to create a significant number of new jobs for local people, one of the key aims of the Northwest ERDF Programme.”

To view coverage in the following publications, click on the logo links below:

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April 2009
BIG FT unleashed in Bootle as shed space goes up for let

One of Merseyside’s largest industrial sheds has been placed on the market by owners Royal London Asset Management (RLAM). RLAM owns the Atlantic Park site in North Liverpool and is now marketing the 221,000 sq ft industrial shed as ‘Big Ft2’.

Big Ft2 boasts impressive eave heights of 13-18m, substantial floor loading, craneage facilities and high power supply.  It was formerly the home of Rolls Royce’s turbine factory.

Jonathan Atherton, industrial agent at GVA Grimley said: “Big Ft2 offers a specification which will suit manufacturing, engineering and distribution companies alike.  It has excellent links to the M57 motorway and the Port of Liverpool and will be available on competitive leases.

“It’s quite unusual to find all these qualities in one site and with additional land available for expansion it offers a whole host of options for occupiers.  We’re already receiving interest from tenants from across the North West.” 

This news follows the relocation of Rolls Royce and the recent letting to Sulzer Pumps of 90,000 sq ft of industrial space at the end of 2008.

It’s ‘Regeneration’ Up North
By Ian Steele, Director, GVA Grimley, agent for Atlantic Park, North Liverpool

Whilst 2008 may not have been a high watermark for city centre lettings, Liverpool’s out of town market came of age

For the first time take-up in the decentralised office market exceeded that of the city centre. This was predominately due to the lack of large deals from both the public and professional sectors, which have been the “backbone” of the City Centre office market for much of the past decade. This was coupled with an increase in speculative development levels in the decentralised market providing occupiers with greater choice and lower rental levels and resulting in higher levels of transactional activity.Two of the largest deals in 2008 were completed in the decentralised market thus boosting overall take-up figures to a record high.

Liverpool’s commercial property market’s evolution has mirrored much of what happened in Manchester during the mid to late 1990’s. At that time take-up in the decentralised office market regularly equalled or exceeded that of the city centre and was predominantly due to the increase in development, demand and activity within the South Manchester office market, fuelled by the growth of the airport.

There are a number of comparisons that can be drawn between the out-of-town office markets in both Greater Manchester and Liverpool.

Merseyside has a relatively immature decentralised office market, but like Manchester, the first and most successful schemes were developed to the south of the city, close to the airport where significant investment and improvement to the road and public transport infrastructures had already been made.    

The emergence of a strong edge-of-town office and industrial market in Merseyside prompted speculative investment and that has gone some way to change the fortunes of North Liverpool. 

For a long time there had been a lack of new or speculative office development in North Merseyside and while it had always been well known for its established industrial and commercial base, it was lacking the high quality Grade A office space needed to attract high calibre businesses. Atlantic Park combines Grade A offices with industrial space and has paved the way for regeneration and development and provided a much needed mixed use offering.

Schemes like Atlantic Park have allowed the north to compete with successful schemes such as Estuary Commerce Park and Boulevard Industry Park to the south, and has finally rounded Merseyside’s commercial property offering.