To support its expansion plans, mechanical and electrical services company Studley Engineering Ltd has relocated from Liverpool city centre to the 57,996 sq ft facilities at the Knowsley Industrial Park on Merseyside formerly occupied by Hansen Glass. Studley acquired the unit for £1 million.
Darren Hill, associate director at CBRE, which advised the vendor, said: “There has been a flurry of activity for second-hand space of this type during 2014, and it comes down to a lack of readily available stock to satisfy requirements, which is indicative of the returning confidence to the sector.
It is pleasing to see companies like Studley not only growing, but also investing in the region.”
Mark Coulthurst from Mason Owen, which advised Studley Engineering, said: “We were delighted to be able to identify alternative premises of sufficient size and
to negotiate their acquisition on behalf of Studley, which is now in a position to pursue its proposed expansion and business-development programme on Merseyside.”