UK LAND ESTATES has acquired part of Boldon Business Park in a major new deal.
The site, close to the Testos junction on the A19, is home to a variety of industrial and office properties and has been acquired from Nissan supplier Faltec Europe Ltd.
We will now market all buildings which range from 11,790 sq. ft. to 70,028 sq. ft.
The five high quality factory units that form part of the site are former English Estates buildings that we will invest in.
David Gibbs, our commercial director, explained: “This is a strategic site with excellent connectivity to the north and south thanks to significant recent Tyne Tunnel improvements, ongoing improvements at Testos junction and the IAMP development on the doorstep.
“This adds another set of high-quality industrial units, most with incorporated office space, to our portfolio – which is the largest in the North East.
“Our purpose is to provide the best buildings for business by continually investing in and upgrading our units and estates. That’s exactly what we plan to do here on Boldon Business Park.
It has an ongoing programme of renovation and new development designed to meet the changing needs of occupiers across a wide range of sectors.
As the largest owner of industrial estates in the North East, we work with clients from multinational corporations to SMEs and through to sole traders.
This year marks our 30th anniversary – we have grown from a single commercial unit to the largest commercial property owner and developer in the North East, with a portfolio of 28 estates.