A joint venture between Birmingham-based developers Gallan Group and Stoford is set to play a major role in the regeneration of Liverpool with a massive redevelopment scheme creating up to 1,500 jobs.
Detailed planning consent has been approved for 1.25m sq ft of warehouse floor space on a 68 acre site in Croxteth, now known as Stonebridge Cross.
The land, currently owned by Liverpool City Council, will provide space in two buildings, one of which being 1.1 million sq ft, and would be suitable for large scale distribution companies targeted by the developers.
Stonebridge Cross falls within one of the city’s Mayoral Development Zones, which were set up to address issues of skills and employment, infrastructure and connectivity, business growth, enterprise and quality of place.
Dan Gallagher, joint managing director of Stoford said, “There is strong market demand in the North West, linked to the planned multi-million development of the Port of Liverpool. Stonebridge Cross offers an exciting new start to the future prosperity of the area. It is a major investment in Liverpool and will be our biggest scheme to date.”
Mayor of Liverpool, Joe Anderson, said: “This proposal is a key part of our efforts to regenerate Croxteth and the city as a whole, and has the potential to create huge, much-needed employment opportunities for local people.
“Securing planning approval is a vital piece in the jigsaw in securing an end user in this very fast moving sector of the economy.
“These are exciting times for Croxteth as we regenerate an area that has been neglected for decades.”