Deal agreed for AVIATOR first phase

The 125,000 sq ft first phase of Redsun’s AVIATOR industrial scheme in Ellesmere Port has been acquired.UK Warehouse Properties (UKWP) – a joint venture between American fund manager Ares and property development company Revelan – is behind the takeover.Survitec Group will occupy the unit on a 20-year lease. Currently based in Birkenhead, the company will relocate its aerospace and defence division to AVIATOR125.The Fletcher Rae-designed building was built by Caddick Construction and completed earlier this year. The remainder of the design team included Quartz Project Services, Muir Associates and Crookes Walker Consulting.The development was funded with a loan from the North West Evergreen Fund and investment support from the Cheshire and Warrington Local Enterprise Partnership (C&WLEP).Redsun was advised by Knight Frank, Legat Owen, M1 Agency and Addleshaw Goddard. UKWP was represented by Franck-Steier Price and DLA Piper. Survitec was advised by DWF.