REDSUN COMPLETES MAGAZINE POINT WITH TWO DEALS
Redsun Projects has secured two deals at Magazine Point on Wirral International Business Park in Bromborough, Merseyside as main contractor, Portal NW reaches practical completion on the 55,000 sq ft light industrial scheme.
Signage supplies distributor, MDP Supplies, and medical diagnostics company MedTechToMarket have signed up to 19,000 sq ft and 12,000 sq ft respectively. These sales mean that 24,000 sq ft remains available across four units.
Designed by C4 Projects with Muir Associates acting as civil and structural engineers, Magazine Point is one of three development sites in Merseyside to have received a share of £2.65million from the Liverpool City Region Combined Authority’s Light Industrial Fund. Debt funding was provided by Lloyds Bank.
Speaking about the scheme, Nick Wightman, director at Redsun Projects, commented: “We have been hugely encouraged by the interest we have received, selling over half of the scheme prior to practical completion. The support from the Combined Authority has enabled us to meet occupier demand and support growing businesses in the area.
“This deal marks over 500,000 sq ft new commercial floorspace we have delivered in Bromborough to date, and we are actively seeking more sites for development.”
Mark Bousfield, Director of Commercial Development and Investment at the Liverpool City Region Combined Authority, said: “Magazine Point is one of three sites across the City Region where we’ve invested £2.65m to deliver the outstanding facilities that businesses need. It’s great to see businesses already signing up to take space – I’m sure it won’t be long before others follow.”
Mark Diaper, associate director at Legat Owen, joint agents for the scheme with B8, commented: “Redsun has continued its commitment to providing quality units on the Wirral on a speculative basis. Magazine Point represents the developer’s latest development and provides much needed accommodation where stock levels are at an all-time low.”