£8.5m investment creating four new North East industrial units

Four new industrial units are taking shape at two of the region’s major business parks, all set to open by summer.

A 35k sq ft speculative industrial building is under construction on Eighth Avenue East in Team Valley, while three smaller buildings ranging from 8,000 to 20,000 sq ft, designed for the same use, will also be marketed in Teesside Estate, as UK Land Estates (UKLE) continues to invest in the North East.

The buildings, all of which are due to be completed by the end of May, represent a £8.5m investment by UKLE, enabling the firm to offer much-needed accommodation to companies looking for high spec manufacturing or distribution facilities.

The units will stand on the established Team Valley and Teesside developments, already home to a range of businesses spanning industrial and manufacturing to retail and professional services.

Tim Witty, development director at UKLE, said that bringing the units to the market was proof that the firm remains ambitious and proactive, something that shows no sign of changing.

He said: “We are always pleased to come forward with developments that enhance our business parks and bring a new offer to the market in the North East, which reflects the confidence and optimism that we still feel is very strong in the area.

“High specification new-builds, that are able to offer a level of efficiency that simply cannot be matched in refurbished accommodation, teamed with the many advantages of being based on our parks – from the excellent transport links we boast to the eco-systems we create – mean that we’re confident of attracting interest and investment in these new spaces.”

The units are all being developed for the same use, and each has the capability of operating at zero carbon emissions thanks to in-built power sources, as well as highly efficient lighting and heating.

Tim added: “We’re working hard to drive down carbon emissions across our estates, be that through working with businesses on the park to retrofit their buildings or ensuring that the new developments we bring forward are as efficient as possible.”

Team Valley Trading Estates is already home to over 700 businesses employing over 20,000 people, while Teesside Estate is already a well-established industrial location, covering around 300 acres.

Current Developments

L7, Intersect 19, Tyne Tunnel Estate

Intersect 19 is a strategically located development adjacent to the arterial routes of A19 Tyne Tunnel and A1058 Coast Road. These are two high quality industrial units with office space.

Read More
  • Type: Industrial/Distribution
  • Size: Two units of 4,484 sqm (48,255 sqft) and 6,769 sqm (72,865 sqft)
  • Location: Tyne Tunnel Estate, North Shields, NE29 7UT

Current Developments

Kingsway North, Team Valley

Kingsway North is a prime location, immediately off the A1. The prestigious address is being redeveloped into distinctively designed and substantially sized industrial units.

Read More
  • Type: Industrial / Warehouse
  • Size: 2,788 sqm (30,009 sqft) to 5,539 sqm (59,620 sq ft)
  • Location: Team Valley Trading Estate, Gateshead, NE11 0BE

Previous Developments

Enterprise House, Team Valley

Enterprise House is at the heart of Team Valley, and is currently being redeveloped to provide newly refurbished high quality office space on the first floor, and new retail units on the ground floor. 

Read More
  • Type: Retail / Offices
  • Size: Office: Suites from 68.7 sqm (740sqft) to 158 sqm (1,700 sqft) / Retail: Units 83 sqm (893 sqft) and 84 sqm (904 sqft)
  • Location: Team Valley Trading Estate, NE11 0SR

Previous Developments

Dukesway Central, Team Valley

Dukesway Central is located between two of Team Valley’s main thoroughfares. The 10 acre site is being developed to include upto 200,000 sqft of industrial and warehouse units.

Read More
  • Type: Industrial / Warehouse
  • Size: 1,140.5 sqm (12,276 sqft) to 2,493 sqm (26,834 sqft)
  • Location: Team Valley Trading Estate, Gateshead, NE11 OPY

Previous Developments

Eighth Avenue West, Team Valley

Eighth Avenue West is a hi-spec industrial / distribution unit, with high office content, on this large area of land at the heart of the Team Valley.

Read More
  • Type: Industrial / Distribution
  • Size: 4,910 sqm (52,851 sqft) - option to join site with Eighth Avenue East
  • Location: Eighth Avenue, Team Valley, Gateshead, NE11 0TU

Previous Developments

Mammoet, Teesside Estate

Transport giant Mammoet required new state-of-the-art headquarters. The six-acre facility was built to Mammoet’s specifications.

Read More
  • Type: Warehouse / Office
  • Size: 3,100sqm (33,480sqft)
  • Location: Plot 5
    Teesside Estate

Previous Developments

Intersect 19, Tyne Tunnel

Intersect 19 is located in the Tyne Tunnel Estate, in the commercial hub of North Tyneside.

Read More
  • Type: Warehouse / Manufacturing
  • Size: 4,912 sqm (52,874 sqft) up to 8,187 sqm (88,125 sqft)
  • Location: Tyne Tunnel Estate

News

View All