Stonebridge Park secures grant funding

Key Property Developments, the joint venture between St Modwen Properties PLC and Salhia Real Estate Company of Kuwait, has secured £1.1 million ERDF gap funding for the development of 57,100 sq ft of industrial buildings at Stonebridge Park, a major new 70–acre ŒGateway¹ business park fronting the A580, one of Liverpool¹s main arterial roads, close to M57 junction 4.

St Modwen, on behalf of Key Property, is bringing the scheme forward in partnership with Liverpool Land Development Company.

A start on the four units in the first phase of the park which are being developed on a speculative basis, is anticipated in November, subject to clearing planning issues on the detailed application.

Mike Hosie, St Modwen¹s development manager, said: ³Securing gap funding will now allow us to press on and deliver a high quality scheme. Liverpool Land has created an extensively landscaped environment with a water feature running the entire length of the one mile frontage to the East Lancashire Road.

“This gateway site will ultimately deliver up to 30 developable acres of high specification office and industrial units. Its superb landscaping and unmatched location has given St Modwen the confidence to proceed on a speculative basis as we expect the location to be very popular with occupiers.”

Matthews & Goodman and King Sturge are the joint agents.

For further information contact Mike Hosie of St Modwen (01925 825950).

Issued by Paul Raymer of Howle Chapman Raymer (0121 313 1000).