£2.1million redevelopment at Atlantic Park completed
9 March 2011
Industrial Securities Management (ISM) has just completed the second stage of development at Atlantic Park, a 55 acre site in Liverpool, where it is representing client Royal London Asset Management (RLAM) as Development Manager.
It managed the design development and £2.1m refurbishment contract of single storey Caspian House, transforming it into a modern, energy efficient, office space of 35,000 sq ft. The redevelopment was completed on schedule and handed over in February.
ISM is also currently managing a £4.1m works contract relating to the site infrastructure, which is due to be completed in April this year. This contract will allow the remainder of the site to be marketed fully-serviced to bring forward mixed use development opportunities, from office accommodation to industrial units or trade counter facilities.
On behalf of RLAM, ISM unlocked grant funding of £4.7m from the Northwest Development Agency and the European Regional Development Fund, a significant financial contribution towards the second stage Caspian House project and infrastructure scheme.