A SPECULATIVELY-built business park has been sold to a Chester-based company.

Redsun Developments has confirmed the sale of Helix Business Park at Ellesmere Port to Chester-based Gaerwen Properties as the first phase of the development was completed.

Located on Newbridge Road, phase one comprises five manufacturing/distribution units built by Portal Construction.

A further 3.5 acres of land has been acquired for second phase.

The development was supported by a European Regional Development Fund (ERDF) Grant and forms part of Cheshire Science Corridor Enterprise Zone.

Redsun director Craig Booton said: “We are delighted to have completed the sale of Helix upon practical completion, which is testament to the team responsible for the delivery of the project including C4 Consulting which acted as architect and project manager throughout.

“We are now working on our next project at Hooton where we have recently acquired 23 acres from the Homes and Communities Agency and are currently bringing forward 450,000 sq ft of industrial space.”

Stephen Wade, director at Legat Owen, which advised Redsun on the acquisition and its subsequent development, added: “This site marks the third scheme we have successfully worked on with Redsun following on from Turbine Business Park in Birkenhead and the PowerStation in Bromborough.

"Redsun is a quality developer with a proven track record. We are pleased to have successfully delivered the scheme for our client and be subsequently retained by Gaerwen to market the units.

“Helix Business will bring forward badly needed, quality employment floor space to the Ellesmere Port market.”