Royal London Asset Management Property has secured planning approval for the redevelopment of Atlantic Park - a 800,000 ft2 industrial and logistics development in Sefton, north of Liverpool.
The scheme, which comprises seven units ranging from 43,000 ft2 to 210,000 ft2, 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.
Atlantic Park is targeting a ‘BREEAM Excellent’ rating and EPC rating A.
The future occupiers of the 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 a strategic initiative to bring underused brownfield sites back to operation, Royal London is building this project on a former Rolls Royce factory site.
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.'