Royal London gets green light for Atlantic Park redevelopment (GB)

Royal London gets green light for  Atlantic Park redevelopment (GB)

Royal London Asset Management Property has secured detailed planning approval for the redevelopment of Atlantic Park - a c. 74,323m2 highly specified industrial and logistics development in Sefton, north of Liverpool, to meet the growing demand within the City Region’s Freeport. The scheme, which comprises seven units ranging from c. 3,995m2 to c. 19,510m2, sets a new standard for logistics and advanced manufacturing in this area.


Atlantic Park will be developed to a high specification, featuring electric vehicle charge points in all buildings, solar panels, LED fittings with daylight and occupancy control in office units, and sustainable urban drainage systems for effective stormwater management. These initiatives not only contribute to the carbon reduction but also enhance environmental resilience by reducing strain on existing drainage systems, mitigating flooding, improving water quality, and fostering biodiversity. Atlantic Park is targeting a BREEAM Excellent rating and EPC rating A.


Designed to have minimal embodied and operational carbon impact, Atlantic Park responds to the strong demand for new, high-quality logistics floorspace in the North West, replenishing supply following the high level of uptake in recent years.


Strategically positioned for UK, Irish, and global markets, Atlantic Park, situated just two miles from Liverpool 2 deep-water container terminal, on the intersection of the M57/M58 motorways, serves as a crucial hub in global supply chains. With 35 million consumers residing within a 150-mile radius, it offers unparalleled access to key markets in the UK and Ireland.


The future occupiers of Atlantic Park will benefit from sitting within a Customs Zone of Liverpool Freeport, a specific geographic area created by the government to boost economic growth. The customs procedures for goods entering Liverpool Freeport are simplified, and the goods do not attract payable tariffs. The occupiers will also enjoy a deferment of tariffs on goods destined for other parts of the UK until they are shipped.


As part of its strategic initiative to bring underused brownfield sites back to operation, this project built on a former Rolls Royce factory site represents a significant milestone in Royal London Asset Management Property’s expansion within the UK's rapidly growing logistics sector.


The seven new industrial units will create space for the employment of up to 1,125 people, delivering significant economic and social benefit for Sefton and the area.


Matthew Barnes, Senior Asset Manager at Royal London Asset Management Property, said: “To have the opportunity to deliver a high-quality industrial development to this rapidly evolving and strategically important location is exciting for Royal London Asset Management Property. Atlantic Park represents a significant strategic investment, bringing high-quality, sustainable logistics and advanced manufacturing space to a market with limited supply and rising occupier ESG standards.”


Image provided by ing.

Related News