Developer Capital & Centric has started work on a £3m speculative commercial development in South Liverpool.
The Manchester firm, which has completed or is working on a number of Merseyside projects, will create 40,000 sq ft of office and warehouse accommodation, including laboratory, research and development space at Estuary Commerce Park in Speke.
The four-acre site, which was purchased from the Homes and Communities Agency in December 2014. The accommodation, once complete, will be targeted towards small to medium-sized enterprises.
Capital & Centric has appointed construction firm Seddon to build the 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.
Capital & Centric 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.”
Capital & Centric has already completed similar developments in Speke in recent years and is currently working on two other Liverpool schemes – the redevelopment of the former Littlewoods site off Edge Lane and an office project in Tithebarn Street in Liverpool city centre.
Liverpool Mayor Joe Anderson added: “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.”