LPW TECHNOLOGY SIGNS VENTURE FIELDS DEAL
Advanced manufacturing company LPW Technology has signed a deal to take 70,000 sq ft at Merseyside’s Venture Fields development.
Located within the Widnes Waterfront regeneration area, the masterplan comprises an 11-acre site which is being developed into a leisure, distribution and manufacturing scheme.
The facility being built for LPW, which is scheduled for completion in September 2017, will house its head office operation.
National logistics developer DB Symmetry, working in a joint venture with Halton Borough Council, secured the letting.
Portal Construction has been appointed as main contractor for the scheme and is now on site working with AEW Architects, Tier Consulting, C4 Consulting and KGA.
Phil Carroll, chief executive of LPW Technology, said: “This is an exciting chapter for the business and the region’s advanced manufacturing sector as a whole.
“We are planning to create more than 120 new high quality jobs by 2018 and this will be the largest single investment in metal additive manufacturing in the UK to date.”
Andrew Dickman, director at DB Symmetry, added: “With approximately £70m estimated to be invested in this area to develop commercial, leisure and residential opportunities and key infrastructure projects such as the new Mersey crossing coming forward, Venture Fields is becoming a well-established business destination.
“Securing a pre-let to a highly respected company such as LPW is a ringing endorsement of that.”
B8 Real Estate and CBRE advised DB Symmetry on the deal, while LPW was represented by Aherne Property Consultants.
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