The North East
Next Stop, North East England By Guy Currey, Director, Invest North East England
The Beam Sunderland
Invest North East England’s role is to attract new companies to locate in the region. As such, it’s vitally important that there is a steady flow of new commercial property coming to the market. The North East benefits from an incredible array of new developments and exciting regeneration schemes which will appeal to a wide range of companies in all sectors looking to expand their operations in this amazing region.
Now, let’s take a journey north to south through the region, where I’ll outline some of the unique opportunities for growing businesses to capitalise on, as well as highlight some of the transformational changes taking place in our forward-thinking towns and cities.
First stop is Cambois, just north of Blyth in Northumberland, where JDR Cables is building a huge factory to manufacture subsea cables for offshore wind farms. Their site is adjacent to the massive gigafactory site where Australian battery company Recharge is in discussions to purchase the site and build the region’s, and the UK’s, second gigafactory.
Moving south to the banks of the Tyne where Smulders just completed its new fabrication facility for manufacturing transition pieces for the offshore wind sector. There are many other sites strung along the Tyne which are ideal for offshore wind supply chain developments, with large land sites with heavy load out quays over deep water.
Upstream in Newcastle, the city is benefitting from several new office developments. Bank House has just been completed, part of a truly transformational Pilgrim Street regeneration project, which will deliver 750,000 sq. ft. of new Grade A offices, a new public square, and a new boutique 5* hotel. Just across town, next to the railway station the Pattern Shop is to be completed in early 2024. Once part of Robert Stephenson’s steam locomotive works, this striking refurbishment project will offer flexible office space for innovators of the 20th century.
Moving across the iconic Tyne Bridge into Gateshead, construction of the Sage is to commerce shortly. This nationally significant development will include a 12,500-capacity music arena, an international conference and exhibition centre, new hotels, bars and restaurants. Nestled between two North East cultural icons – the Baltic Centre for Contemporary Art and the Glasshouse International Centre for Music, this offers a huge opportunity to grow the North East’s business and leisure tourism offer.
Down the road, development continues apace on Sunderland and South Tyneside’s International Advanced Manufacturing Park with AESC’s new gigafactory development dominating the skyline. The UK’s first gigafactory will produce batteries for Nissan’s new electric vehicles. Nearby the new industrial units on Hillthorn Business Park are proving so popular that deals have been agreed on six of the seven units of phase 1.
Pattern Shop, Newcastle. 28
Heading east to the old Vaux Brewery site in Sunderland City Centre, Sunderland Riverside has created a significant wow factor, the award- winning City Hall providing the centrepiece of a vibrant new office, leisure and residential quarter overlooking the River Wear. The Beam office development is already host to several inward investors and two new
COMMERCIAL PROPERTY MONTHLY 2023
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