Industrial property specialists, B8 Real Estate, have sold the former Mayr Melnhof Packaging manufacturing facility on Dunnings Bridge Road in Aintree to cooking oil manufacturer KTC Edibles.
The property comprises 165,000 sq ft industrial facility on 9 acres situated next to the Switch Retail Leisure Park, behind Allied Bakeries and close to the switch island M57/M58 interchange.
The site was closed by Mayr Melnhof Packaging in late 2012 and was purchased earlier this year by Midlands based KTC Edibles who are going to use the building as part of their expansion operations from their existing Liverpool base on the Port of Liverpool.
The sale price was believed to be close to the £1.5m asking price and it is hoped that with KTC Edibles taking over the site for operational purposes, there will be a number of new jobs created in the area.
Jon Thorne of B8 Real Estate, acting for Mayr Melnhof on the disposal, said:
“Whilst the main focus of the industrial property market in north Liverpool has been on logistics with L2 and the growth at the Port of Liverpool, it is also nice to see that UK companies are also investing in the region for manufacturing uses. It is a good sign for the local economy and property market that companies are looking to expand their operations and invest in Merseyside area as it is still seen as an attractive place to do business in the industrial sector”.
Birmingham surveyor White Rose acted for KTC Edibles.