First Phase of 460,000 Sq Ft Warehouse Development is Underway at Liberty Park Widnes

London, UK – November 6, 2018 - Construction of the first phase of Liberty Park, Widnes, is underway following unanimous approval by councillors at planning committee.

The consent enables the development of a new 107,210 sq ft speculative warehouse, which will provide much needed high-quality accommodation in Widnes and will generate important new jobs for the county.

Liberty Property Trust and Stoford Developments have already commenced the infrastructure works and will be on site to construct the highly specified warehouse this month (November 2018) with a target completion date of July 2019.

Andrew Blevins, UK managing director of Liberty Property Trust, said: “We are delivering an extensive infrastructure works package which will enable the first phase to commence and pump prime the remainder of the site for further development.

“The site will have new life breathed into it, bringing jobs and inward investment to an area that is rapidly growing, thanks to the recent opening of the Liverpool2 deep water container terminal and Mersey Gateway.

“It will also add to our growing UK warehousing and logistics activity, mirroring our growth strategy with regard to our operations in the US, which currently owns and operates a portfolio of 100 million sq ft and touches nearly three-quarters of the US logistics market.”

Dan Gallagher, joint managing director of Stoford, said that the start of work on site heralds the beginning of an exciting industrial development in the thriving South Liverpool area.

“Working with Halton Borough Council, we are thrilled to be on site at Liberty Park, Widnes, which will bring a much-needed high quality warehouse unit to the area,” he said.

The existing outline permission allows for B1, B2 and B8 uses with consent for a single or multi-unit scheme consisting of highly specified units with up to 15m eaves and 50m service yards, capable of delivering a further 360,000 sq ft of accommodation.

Located at the centre of the proposed 3MG rail freight distribution zone, Liberty Park, Widnes, will benefit from a range of enhancements to the surrounding road and rail infrastructure and has direct access to the national motorway network via the Knowsley Expressway. Access will be via Newstead Road and the new access road, which will run alongside the railway and link the site to the A562 Speke Road.

Liberty Park, Widnes is the latest industrial/warehouse development by Liberty Property Trust and  Stoford, with others including Liberty Park, Lichfield, and Worcester Six.

For all enquiries please contact the retained agents Avison Young (0161 228 1001) or DTRE (020 3328 9080).

Notes to editors:

Liberty Property Trust UK Ltd is a wholly-owned subsidiary of US-based Liberty Property Trust, a Real Estate Investment Trust, listed on the New York Stock Exchange. Liberty Property Trust (NYSE:LPT), headquartered in Wayne, Pennsylvania, is a leader in commercial real estate, serving customers in the United States and the United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty Property Trust owns and manages 560 properties totaling 103.5 million sq. ft., accommodating 1,200 occupiers and has a market capitalisation of $9.5 billion.

Liberty has been developing in the UK for over 25 year, other projects include:

Kings Hill – www.kings-hill.com – a rapidly growing, 800 acre, live, work, play community in Kent recognised by the Daily Telegraph as one of the best places to raise a family and independent research by CBRE as the premier example of Placemaking. Cambridge Biomedical Campus - http://cambridge-biomedical.com - an international centre of excellence in biomedical research – winner of Property Week’s 2013 Placemaking Award and Estate Gazette’s 2014 Deal of the Year – Industry Impact Award resulting from AstraZeneca’s decision to establish its global research and development and corporate headquarters on the campus, a facility that will extend to almost 900,000 sf.

Stoford is a privately owned company established in 1996 to specialise in occupier-led property solutions for business. The company is involved in a diverse range of commercial property developments across the UK. The company’s innovative approach to procurement ensures that it is highly competitive, delivering a quality