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Thursday, September 11, 2023

Bootle's Vesty Business Park sells 40,000 sq ft in 2 months

Vesty Business Park in Bootle is flying high according to the schemes developer, Priority Sites. Just over two months after completion of the 14 million commercial development, deals have been completed on over 40,000 sq ft of the new business space.

Four industrial units have now been sold and one unit let on the 159,000 sq ft, wind powered development. Murray Carr, Area Development Manager for Priority Sites, comments: "As a speculative developer, we are mindful of these testing economic times and whilst we are optimistic that the quality and affordability of our product will continue to attract occupiers, we had prepared ourselves for a general slow down in market demand. However, on the contrary, interest in Vesty Business Park has been incredibly high and we are delighted that 40,000 sq ft of the accommodation has sold in such a short time frame."

The former Vesty factory site, which is located on Bridle road in Bootle, just 1.5 miles from the M57/ M58 motorways and 2.5 miles from Liverpool docks, completed in June and will become home to a variety of occupiers including Ultracell Batteries (UK) Ltd, whose move followed a positive recommendation about the space at Vesty by friend and fellow occupier Parr Electrical.

Neil Kirkham of Hitchcock, Wright and Partners, the appointed joint agents on the scheme, adds: "It seems occupiers have been attracted to the environmentally responsible nature of the new premises and the high quality of the build and surrounding landscaping.

"Enquiries remain strong and the feedback we are getting from the new occupiers is really positive. The fact that tenants are actually recommending the accommodation to fellow businesses looking for new premises is firm evidence that the scheme is satisfying the Merseyside market."

The new scheme in Bootle comprises a total of 17 industrial units and four hybrid units ranging in size from 3,000 sq ft to 28,000 sq ft. The development incorporates 46 roof mounted wind turbines along with a landmark 26m freestanding turbine, which together provide at least 10% of the developments entire energy supply.

Priority Sites, which has a national reputation for pioneering projects on derelict land and brownfield sites, also plan to bring forward an 11 million 'green' office development, Senate Business Park, also on Bridle Road. The 80,000 sq ft Senate Business Park development will boast similar green credentials and complement the industrial space already on offer at Vesty Business Park. Along with other energy efficient design, the planned scheme will incorporate 10% on site renewable energy through the use of ground source heat pumps.