Mere Grange in St Helens has been sold by Real estate investment and management firm Network Space to Squarestone for £4.8 million.
Construction is now underway at the mixed use site which incorporates a mix of office, industrial and residential development.
Work has begun on the second phase of development at Mere Grange to deliver 90,250 sq ft of high quality industrial floor space across four units, with unit sizes ranging from 18,500 – 26,350 sq ft. Construction of this phase is due for completion in May 2018.
Network Space also secured outline permission for residential development up to 120 units on the western side of the site.
Mere Grange is being developed in partnership with St Helens Council and the Homes and Communities Agency.