B8 Real Estate advises Network Space on Knowsley letting

13 July 2021

B8 Real Estate advises Network Space on Knowsley letting

Network Space has let 68,500 sq ft of space in Knowsley in a deal on which B8 Real Estate advised.

Mercedes-Benz franchisee and commercial vehicle specialist EStar Truck & Van has agreed terms for the two remaining units at the Element scheme at Alchemy Business Park – Element 1, comprising 22,946 sq ft of space, and Element 3, comprising 45,586 sq ft. Element 2 is currently occupied by a global online retailer.

Completed in 2019, Element is the £8m second phase of development at Alchemy Business Park, located adjacent to the A580 East Lancs Road half a mile from junction 4 of the M57.

EStar holds the Mercedes-Benz commercial vehicle franchise for the North West and North Wales and will be setting up a new dealership at Element to include workshops as well as head office space.

Joe Burnett, development director at Network Space, said:

Alchemy Business Park is fast becoming one of the North West’s premier employment sites. This significant letting means that Element is now 100% occupied.

Anthony Mellor of B8 Real Estate commented:

These lettings further demonstrate what remains a very strong occupational market across the North West, with record rentals being achieved on both new-build and existing stock.

Element was delivered in partnership with Knowsley Council and Liverpool City Region, with a £1.8m Growth Deal funding package.

B8 Real Estate and CBRE acted as joint agents on Element.

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