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Capital & Centric and Barnfield Construction have signed a deal with business centre operator Business First for half of its Estuary Banks development in south Liverpool.

Business First has purchased two units totalling 80,000 sq ft for circa £60 per sq ft. The space will be fitted out for use as offices, storage and archiving.

Tim Heatley, director at Capital & Centric, said: "Business First has previously been successful elsewhere in south Liverpool and we’re pleased to be in a position to offer it further growth space at the right time.

"There are only very few organisations like us speculatively developing stock at present and our strategy of ploughing ahead with building new space for sensible rents is paying dividends for us in our target markets."

Estuary Banks is scheduled for completion during August 2012 and consists of four units each measuring 20,000 sq ft on the ground floor with further first floor space above.

The project received £2.54m of European Regional Development Fund. It is located on Estuary Commerce Park, south Liverpool, just off the A561 and adjacent to Liverpool John Lennon Airport.

Sir Howard Bernstein, deputy chairman of the North West European Regional Development Fund Local Management Committee said: "This deal is great news for the south Liverpool area and the wider local economy.

"The high quality facilities created through this project will continue to attract businesses, creating local jobs and opportunities for other local operators."

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