CBRE’s Manchester Land and Development team has sold Crown Packaging’s former factory site in Aintree, Liverpool to Bellway Homes for residential development.
Crown Packaging utilised the 7.2 acre site on Park Lane in Aintree until earlier this year when it relocated the operation to Trinity Park in Sefton.
The redundant site, which is located within a predominantly residential area of Aintree, accommodated some 130,000 sq ft of manufacturing/warehousing buildings but was identified as prime for residential development. Outline planning consent has been granted by Sefton Council, for the development of 97 homes including 89 houses and 8 apartments.
Bellway Homes is one of the UK’s largest house builders and its purchase will transform the vacant site into a quality residential scheme to complement the surrounding homes and community.
John Dunlop, Senior Surveyor in CBRE’s Manchester Land and Development team, commented:
“Following the decision to relocate from the site, Crown Packaging investigated the possibility for alternative uses. Due to the positioning of the site within a mainly residential area, a change to residential usage was the natural choice. The sale to Bellway Homes ensures that this strategic site will be brought back to life as a quality development and the deal represents a good result for all parties.”