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St. Modwen, the UK’s leading regeneration specialist, has secured a new letting at Moorgate Point in Knowsley. This latest deal means that the industrial accommodation at the site is now 100% let.

Liverpool City Council (LCC) has agreed a ten-year lease with St. Modwen, which will deliver a rental income of £145,000 per annum. LCC will take multiple units totalling 12,200 sq ft, along with a four acre compound. The site will be used by the council to operate the city’s fleet of refuse and recycling vehicles.

In addition, Muni-serv, which is already based at Moorgate Point, has renewed its lease and has also taken an additional 2,500 sq ft unit due to business expansion, bringing their total space at Moorgate Point to 5,000 sq ft. 

Moorgate Point is a 445,000 sq ft development providing industrial and office accommodation, storage compounds and an enterprise centre and with an additional 6.5 acres of development land. The site is conveniently located off the East Lancashire Road and M57 at the front of Knowsley Industrial Estate.

David Nuttall, Development Manager at St. Modwen, said: “We acquired Moorgate Point just six months ago and are pleased that Liverpool City Council has chosen to commit to a 10 year lease due to the site’s excellent location and transport links. The fact that we have also been able to accommodate Muni-serv in its expansion is testament to the investment and improvements that we have made to the site since acquisition.”

Pinsent Masons, Knight Frank and B8 Real Estate represented St Modwen.