The first phase of industrial units at Mere Grange, a mixed-use development in St Helens being delivered by Network Space in partnership with Homes England, St Helens Council and Liverpool City Region Combined Regional Authority, has reached completion.

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Network Space has let a contract for the construction of Element, its latest £8m scheme at Alchemy Business Park.

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Richard Ainscough has completed the outright purchase of Network Space Holdings and its subsidiaries by acquiring the share interests held by the Ainscough family. The acquisition means that the business is now a wholly owned subsidiary of Datum Edge Limited, a company solely owned by Richard.

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Mere Grange is located directly off the A570 St Helens Linkway close to Junction 9 of the M62 and is part of the St Helens M62 Growth Area. The opportunity, secured against competing sites in Warrington and Wigan, will see the delivery of an industrial warehouse unit which will be occupied on a long term lease.

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Network Space has now secured both a planning approval and a £1.8m investment from the Liverpool City Region Combined Authority Single Investment Fund (SIF) for the next phase of development at its strategic 30 acre Alchemy site in Knowsley, Merseyside.

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Network Space, the northern industrial property developer, investor and manager has recently let two construction contracts to build 215k sq ft of new industrial property, with a third contract for 103k sq ft to follow shortly, as well as beginning infrastructure works on their 60 acre logistics site.

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Network Space, the industrial property investor and developer, has secured detailed planning consent for phase one of its Tunstall Arrow site in Stoke-on-Trent.

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The pre-tax profits of Network Space, the commercial property investment, development and management group, have surged to £19.2 million, more than doubling the previous year’s result.

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Network Space has continued its industrial property acquisition programme by purchasing two modern buildings from a private investor in an off market deal totalling more than £2.5m.

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Network Space has been granted planning consent at its 30 acre strategic development site called Mere Grange in St Helens. The mixed-use site is located directly off the A570 St Helens Linkway providing immediate access to the M62 and St Helens town centre.

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