Wednesday, April 17, 2024

New Speke Warehouse

Construction work on a new speculative 97,000 sq ft warehouse in Speke is due to start early next year.

New Speke Warehouse:

B8 Real Estate has been appointed as letting agent for the unit on behalf of site owner Davos Property Developments, which secured detailed planning permission in September. The 12-acre site already houses a new flagship Home Bargains store, along with a Food Warehouse and a Costa.

Speke 100 will occupy a prominent site alongside Speke Boulevard, which has 32,500 vehicles passing daily, and is within two miles of Liverpool Airport, JLR’s manufacturing plant and Speke’s pharmaceutical cluster.

The high-bay unit will include offices on two floors, car parking and 50m service yard along with a range of ‘green’ features such as EV charging points, secure bicycle storage and an EPC rating A. The building is available to let at a current rent of around £7.50 per sq ft, but this will be reviewed next year given the shortage of available stock in the market.

Jon Thorne, who leads the agency team at B8 Real Estate, said: “Speke 100 is one of the largest single unit opportunities currently available in this part of Liverpool. Despite the current macroeconomic issues, we expect it to attract strong interest, given its strategic location and the continued strong demand from occupiers for high-quality warehouse and industrial space.”

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