The Liverpool teams of CBRE’s industrial and logistics and office agency have been appointed to sell the freehold interest in Prinovis UK’s printing facility in Liverpool.
The owner-occupied 627,217 square foot facility is located on a 50 acre site at the Estuary Business Park of 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 is situated on Dakota Drive within Estuary Business Park. This business park is an important location in the region for manufacturing and logistical activities, especially within the automotive and pharmaceutical industries as well as the 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 can be accessed by Speke Boulevard (A561) which has excellent motorway connections to the M62 and M57.
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 and power (CHP) facility, plus 5,000 roof-mounted UV panels producing 1.3 megawatts. This asset is also a major beneficiary of a gas and water provision.
This site has an additional 27 acres of land that could be used to expand the facility by more than 350,000 square feet.
Bertelsmann Marketing Services (the German parent company of Prinovis UK) announced last year a planned shutdown of its Liverpool facility due to a decline in the market and a huge increase in raw materials costs, especially 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, said: “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, said: “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.”