CBRE’s Industrial & Logistics and Office Agency teams have been appointed to sell the freehold interest in Prinovis UK’s printing facility in Liverpool. The 627,217 sq ft owner-occupied facility sits on a c.50 acre site within Estuary Business Park in Speke.
CBRE’s Building Consultancy and geomatic teams have also been instructed to undertake all technical due diligence, topographic and full measured surveys, together with Phase 1 site investigation environmental reports.
The site on Dakota Drive sits within Estuary Business Park which is recognised in the North West and beyond as Liverpool City Region’s premier location for Manufacturing and logistics, particularly within the Pharmaceutical and Car manufacturing industries, as well as retail distribution. Speke is home to major National and Global occupiers including Jaguar Land Rover, Ford, AstraZeneca, Seqirus, Medimmune and B&M. It is located at the hub of a new integrated road/rail network and next to the UK’s fastest growing airport and just six miles to the south of Liverpool city centre. The site is accessed via Speke Boulevard (A561), which provides excellent motorway connectivity to M62, M57 and M56.
Site specifications include up to 18.4 MVA, delivered via 6.5 MVA coming in from the grid, with an additional 10.6 MVA available via the site’s own Combined Heat & Power (CHP) facility, plus 5,000 roof mounted UV panels producing 1.3 megawatts. The asset also benefits from a significant provision in Gas and Water supply.
In addition to the existing 627,217 Sq Ft facility, this site also has further expansion land of nearly 27 acres, which could deliver in excess of 350,000 Sq Ft GIA.
Bertelsmann Marketing Services, the German parent company of Prinovis UK last year announced a managed shutdown of the Liverpool site due to market decline and huge increases in raw material costs, particularly in energy. Prinovis is the UK’s last remaining publication gravure printer with sales last year of more than £46M.
Neil Kirkham, Senior Director at CBRE commented;
“We are delighted to be appointed by Prinovis UK to market this significant site in Liverpool. Due to the site’s strategic location and exceptional attributes in Utilities, CHP, existing accommodation and huge expansion or redevelopment opportunities, we have already seen a lot of interest, from both manufacturing owner occupiers, developers and investors”
Darren Hill, Director at CBRE went on to say;
“The Prinovis UK site represents a unique opportunity to acquire the Freehold interest in a site of c. 50 acres in a market where supply of industrial and logistics space as well as development sites is at an all time low and demand at an all time high.
Combine this with the utilities infrastructure and in particular the c 18.4MVA power supply capacity, which is unprecedented, the site represents a fantastic opportunity, for a varied cross section of potential purchasers.”
