Tritax Symmetry has acquired a 221-acre site in St Helens, Merseyside, in an off-market deal as it plans to bring forward a 2.5m sq ft logistics scheme and a new strategic rail freight interchange project.
The developer, which is part of Tritax Big Box REIT, has already kicked off work on a masterplan for the project, to be known as Parkside East.
This marks the second rail freight interchange project that Tritax Symmetry has worked on in the past two years. In Hinckley, Leicestershire, the developer is seeking to bring forward a multi-modal freight interchange and distribution centre.
Andrew Dickman, managing director at Tritax Symmetry, said: “With the recent news that the HS2 leg from Birmingham to Manchester has been cancelled, this is a timely public-private sector intervention that will see significant investment into the Liverpool City Region and the wider infrastructure network.”
Liverpool City Region mayor Steve Rotheram and the Liverpool City Region Combined Authority awarded a £24m grant from the Strategic Investment Fund towards the Parkside Link Road project to improve connectivity across the city region’s employment sites.
The site was acquired from a private client. Ingham & Yorke advised the vendor. Tritax represented itself.
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