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Double North East acquisitions

We have acquired two major properties on our flagship Team Valley Trading Estate.

The recent deals – both seven-figure sums – include the purchase of a 25,000 sq ft. unit on Dukesway, and a 23,167 sq ft. unit on Princesway.

Decorative surfaces distributor IDS occupies the Dukesway unit, where it employs 37 people. The firm has reported strong trading following lockdown and consumer focus on home improvements, and at the beginning of the year it expanded its home delivery function.

IDS provides products such as worktops, flooring, and wall panelling and describes its Team Valley operation as a thriving business.

Meanwhile, the Princesway unit is occupied by AIM-listed security technology specialist Petards, which develops products used in the transport and defence sectors.

The AIM-listed firm counts organisations such as Bombardier and Northamptonshire Police among its client roster.

Phil Moorin, our investment director, said: “These two acquisitions further strengthen our portfolio, which is among the biggest and highest quality in the North East.

“Both IDS and Petards are strong businesses with reputations they’ve built from Team Valley Trading Estate, having benefited from excellent connectivity and amenities nearby.

“We’ll continue to invest in our estates and properties, including these two, so that our occupiers have the right facilities from which to grow.”

Current Developments

Eighth Avenue West, Team Valley

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

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  • 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

Current Developments

Eighth Avenue East, Team Valley

Eighth Avenue East has planning granted for a new hi-spec industrial / distribution unit on this large area of land at the heart of the Team Valley. Work will commence shortly to redevelop the site.

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  • Type: Industrial / Distribution
  • Size: 3,412 sqm (36,726 sqft) - option to join with Eighth Avenue East
  • Location: Team Valley Trading Estate, Gateshead, NE11 0TU

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.

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  • 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. 

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  • 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.

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  • 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

Mammoet, Teesside Estate

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

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  • 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.

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

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