Network Space Developments (NSD) has sold a prime 40,468m2 industrial site located at its Alchemy Business Park site in Knowsley, Merseyside. The site has been acquired by Marchmont Investment Management in a deal exceeding €8.2m. The majority of the site is currently leased to Amazon for fleet vehicle charging and storage purposes, while Marchmont plans to explore further open storage opportunities on the remaining four acres. The site is located adjacent to the A580 just minutes from the M57.
Simon Eaton, Senior Development Manager at Network Space, said: “We’re delighted to have completed another positive transaction at Alchemy Business Park, which further demonstrates the site’s high-quality location and attractiveness to a wide range of occupiers and uses. The sale marks the culmination of the hard work that went into securing Amazon on site, and we are confident that the remaining land will be attractive to other users. We now look forward to advancing our plans for the two new high-quality and highly sustainable industrial units and continuing our long-running investment into Knowsley.”
B8 Real Estate concluded the deal on behalf of Network Space.
Simon Wood, Investment Director at B8RE, commented: “Having recently agreed a lease to Amazon, the sale represents another successful exit for our client and is not only a testament to the institutional interest in Knowsley and the scheme but also Network Space themselves as a developer. It was fantastic to be involved in another NSD sale, working with parties to reach such a successful conclusion in what is still a challenging investment market.”
James Rodwell at Marchmont said: “We are delighted to add Amazon to our IOS platform and secure representation in a strong NW sub-market. Via our Surface platform, we will further deliver circa four acres of best-in-class open storage to complement our growing portfolio.”
Marchmont was advised by Nick Carvey of Cushman and Wakefield.
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