Connect Property have completed the sale of a Freehold, Multi let Hybrid mixed use office park close to Durham City Centre on Behalf of ESR. The investment offered the opportunity for reversionary rents across 10 buildings totalling 1,583 m2 (17,042 sq ft) NIA. Passing net rents of £109,176.50 per annum and average rent of approximately […]
A new shop is planned for 19 Newgate Street, Bishop Auckland, previously home to The Gaming Hideaway. Commercial agency Connect Property North East confirmed it had “agreed terms in principle” for the baking giants to move into the town centre. The move is likely to see Greggs relocate from its current spot in the Newgate […]
March 2025 – Merchant Park Developments have announced plans to invest up to £9million in the first phase of a new commercial development located at Merchant Park, Newton Aycliffe. Phase One will bring 198 jobs to the area, with plans to create a total of 1014 jobs when all three phases of the site are […]
Joint venture developer and investor Richardson Barberry has agreed terms with the parcel delivery firm for a distribution centre at the £100m County Durham business park. DPD has signed a 25-year lease for a build-to-suit unit within an eight-acre plot at Forrest Park, which is located next to Junction 59 of the A1(M) at Newton […]
Connect Property North East have secured two lettings at Cowpen Lane Industrial Estate in Billingham. Acting on behalf of Chancery Gate, CPNE concluded the off market letting of the former 25,000 sq ft DPD warehouse to tanker hire business Door N Boss. This in turn released their 12,000 sq ft building (pictured) owned by In […]
Three new tenants are set to move onto Teesside Industrial Estate. UK Land Estates, which owns the Thornaby site, finished constructing three speculative, Grade A industrial units in August 2023, representing a £5m investment. Now, all three units have now been let, with Park Electrical Distributors, Power Plastics and Lookers all agreeing to move onto the 300-acre […]
The first phase of Wards Court, Faverdale Business Park, Darlington has now been fully let following practical completion. The final 10,000 sq ft unit of the first phase has been let to national company Gemini Accident Repairs. The first phase, in total comprises of 44,000 ft.², with occupiers on the estate including Nylacast, North East […]
Direct Line Supplies has snapped up a Stockton-on-Tees based business in order to significantly expand its warehouse capacity. Jacksons Law Firm advised on the deal. The company, founded in 1988 by Abbas Salahshouri, has purchased Mercurial Properties, enabling it to take over its warehouse at Lockheed Close on Preston Farm Industrial Estate. The new facility […]
Acting on behalf of a private client CPNE have secured the off market letting of a substantial 76,000 sq ft warehouse at Teesside Industrial Estate, Stockton on Tees. LV Logistics, an international logistics service provider with over 30 branches worldwide have secured a lease on the building as part of their long term expansion plans. […]
Evolve Estates, part of M Core, has expanded its retail portfolio with the acquisition of a shopping centre in County Durham. The 320,000 sq ft open-air Billingham Town Centre retail scheme stands out as a dominant shopping destination in the region, with anchor tenants such as Asda, B&M, and Aldi. With more than 90 retail units and 673 […]
