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Commercial Property

Work on £54m 'transformational' global glass research and innovation facility starts

The building will be located next to St Helens' Totally Wicked Stadium

A CGI of the Glass Futures Centre of Excellence

Work has started to construct a £54m "transformational" global glass research and innovation facility next to St Helens' Totally Wicked Stadium.

The 165,000 sq ft Glass Futures Centre of Excellence is expected to be complete in January 2023, with the internal fit-out work then due to start.

Network Space Developments (NSD) appointed building contractor Bower & Kirkland to deliver the building at Saints Retail Park.

READ MORE: THG share price jumps amid 'buyout interest' from private equity firms

The project is being managed by NSD on behalf of a partnership including not-for-profit research organisation Glass Futures, St Helens Borough Council, the Liverpool City Region Combined Authority and º£½ÇÊÓÆµRI (º£½ÇÊÓÆµ Research & Innovation).

The building has been presold by NSD to global investor Standard Life Investments Property Income Trust, part of abrdn.

Property Agents B8 acted for Network Space with CBRE acting on behalf of abrdn.

It has been pre let to St Helens Borough Council on a 15-year head lease and will be sub-let to Glass Futures, which will occupy and manage the building to deliver industry and government backed research and development projects focused on decarbonising glass production.