Network Space has acquired a high profile 28-acre site in Huyton, Liverpool
The Sovereign Distillery comprises 446,151 sq ft (41,448 sq m) of industrial space and was the former headquarters and home of Halewood Artisanal Spirits PLC, a family-owned producer of world-famous artisanal wines, spirits and beers which has operated from the site since 2000. Network Space has successfully acquired the freehold of the site following a competitive tendering process.
Halewood Artisanal Spirits PLC relocated a large proportion of its operation to Chorley last year but will continue to occupy half of the site for storage and distribution through a lease back arrangement in the short to medium term.
Network Space intends to refurbish and redevelop the site to create a multi-let employment scheme to meet existing and future demand for industrial property.
Richard Ainscough, Group CEO of Network Space, explained: “The acquisition of this high-profile, exceptionally well-located site provides a fantastic opportunity. We plan to maximise its potential through a part demolition, part refurbishment and part new build strategy.
“When finished the site will provide small to mid-size urban logistics units, perfectly suited for e-commerce as well as regional distribution.”
The self-contained site at Huyton Business Park is located adjacent to the M62/M57 intersection, proving easy access to the entire Liverpool City Region and beyond.
B8RE and Gateley acted for Network Space, Savills acted for Halewood Artisanal Spirits PLC.