FOUR speculative industrial buildings are proposed in the first phase of Stonebridge Park, a new 46-acre business park fronting the East Lancs Road in Croxteth.

Planning consent is currently being sought by Key Property Investments (KPI) a joint venture company with St Modwen Properties and Salhia Real Estate.

Subject to planning consent and European Regional Development Fund grant funding approval, the 57,100 sq ft phase, comprising two industrial buildings of 12,975 sq ft and two of 15,575 sq ft, will begin in August.

The site, just off junction 4 of the M57, is owned by the Northwest Development Agency (NWDA) which has provided significant funding for the key infrastructure works.

Mike Hosie of St Modwen, said: “This is a fantastic opportunity to capitalise on this well located, high profile site. We aim to create a high quality business environment, comprising both office and industrial buildings, set within an attractive landscaped environment which includes a unique water feature.

“This flagship development will attract new businesses and establish this area as a major centre of employment. The park will have more than a mile of prominent frontage on to the East Lancs Road.”

David Waugh, chief executive of Liverpool Land Development Company, said: “We are very pleased to see that St Modwen are bringing forward this first phase of speculative development at Stonebridge Park.

“The site was previously a major source of employment and with the benefit of funding provided by the European Objective 1 programme and the NWDA, it will provide a 21st century business environment.”

Matthews and Goodman and King Sturge are the joint agents for the scheme.

tonymcdonough