Langtree announces latest deal at Alchemy
A Merseyside food distribution company has taken two new industrial units totalling over 21,000 sq ft in Knowsley following further expansion.
AD Retail Ltd has let the units from Langtree on the second phase of its Alchemy business park, which fronts the A580 East Lancashire Road.
Alan Dale, director at AD Retail Ltd, is delighted to see the company’s continued expansion and welcomed the move to Alchemy. He says: “The decision to relocate from Speke to Knowsley became a certainty once we viewed the opportunity at Alchemy. The new units are built to a very high specification and give the right impression for our business.”
Langtree speculatively built the development as part of its partnership with Knowsley Metropolitan Borough Council, and the scheme comprises over 97,000 sq ft of industrial accommodation on an extensive 25-acre site with further space of 15 acres for a Design & Build scheme on the site.
Alchemy has been funded through a £2.1 million contribution from the Merseyside Objective One Programme, with a further £1.3 million from the Northwest Regional Development Agency.
Lisa Bennett, property manager at Langtree, was delighted to hand over the keys and welcome AD Retail Ltd to its new home.
She says: “We specialise in creating high quality units offering flexibility for manufacturing and distribution companies, and Alchemy offers one of the most modern environments available in the area.
“AD Retail Ltd has shown continued growth and these units offer room for further expansion.”
The joint agents for the site are CBRE’s Liverpool office and Roy Backhouse & Co.