Network Space Holdings is delighted to announce the appointment of its new head of property, Dave Harrison.

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InfraRed Capital Partners Limited (“InfraRed”), on behalf of InfraRed Active Real Estate Fund IV, has acquired a 1 million sq ft portfolio of 25 industrial properties from Network Space, plus two development sites, which will deliver a further 200,000 sq ft, in a deal worth £93 million.

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Three units have been let prior to completion at Network Space’s Tunstall Arrow, an £11m speculative industrial development in Stoke-on-Trent.

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Denton Wellness Centre, a £14m leisure scheme in Tameside being developed by Network Space, has been given the green light.

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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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