The Atlantic Park redevelopment scheme will see seven units built ranging from 43,000 sq ft to 210,000 sq ft.

The developer claims it will set a new standard for logistics and advanced manufacturing sustainability. It will feature electric vehicle charge points in all buildings, solar panels, LED fittings with daylight and occupancy control in office units, and sustainable urban drainage systems for effective stormwater management.

Caddick and McLaren Construction are understood to be in talks about delivering the project, which could be worth around £70m.

Atlantic Park, situated just two miles from Liverpool 2 deep-water container terminal, on the intersection of the M57/M58 motorways, serves as a crucial hub in global supply chains. With 35 million consumers residing within a 150-mile radius, it offers unparalleled access to key markets in the UK and Ireland.

Matthew Barnes, Senior Asset Manager at Royal London Asset Management Property, said: “To have the opportunity to deliver a high-quality industrial development to this rapidly evolving and strategically important location is exciting for Royal London Asset Management Property.

“Atlantic Park represents a significant strategic investment, bringing high-quality, sustainable logistics and advanced manufacturing space to a market with limited supply and rising occupier ESG standards.”