Legat Owen has been appointed as the sole agent for the Dee View Trade and Business Park development in Chester.
The scheme is being worked on by the asset and development team at Cheshire West and Chester Council with funding from its Property Reinvestment Programme and the European Regional Development Fund.
When complete, it will comprise 91,898 sq ft of new-build employment units.
The first phase is midway through construction and will include 42,339 sq ft across five trade counter/warehouse sites, along with ten other units. The units are being built by MPH Construction and will be ready for occupation in early 2019.
Legat Owen director Stephen Wade said:
Dee View is being brought forward at a time when there is a shortage of modern industrial floor space in the market. This scheme is very much aligned with the market need and we are very much looking forward to working with the Council to deliver early lettings.
Councillor David Armstrong, cabinet member for legal and finance at Cheshire West and Chester Council, added:
It continues our commitment to the delivery of employment floor space across Cheshire West and follows on from schemes in Ellesmere Port, Northwich and Winsford.
We are grateful to have received funding support for part of the project from the European Union via their ERDF programme.
The Property Reinvestment Programme is designed to reinvest receipts from the sales of council commercial properties to provide much-needed small and medium sized business units and improve the council’s property portfolio.