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 […]
A global software and IT services provider has signed a lease at Darlington’s Lingfield Point business park. Tata Consultancy Services (TCS) will occupy 8,000 sq ft in the Studios building from January 2024. As part of conglomerate TATA, India’s largest multinational business group, TCS has more than 500,000 consultants in 46 countries. Providing more than […]
A near derelict factory at Teesside Industrial Estate has secured a new occupier following a £1.5m rebuild by UK Land Estates. The former Cordell works in Thornaby has been let to Hydrasun, which is a supplier in the field of fluid transfer, power and control services. Constructed in the 1970s, the 12,000 sq ft plant […]
Prime Group has unveiled plans for an industrial scheme in Aycliffe Business Park. The Prime Point development will comprise two units totalling close to 80,000 sq ft. HTA Real Estate and Connect Property North East have been appointed joint agents on the development, which is located at Carlbury Road within the business park, just off […]
