The North East
Freight Island
Newcastle’s Biggest Entertainment & Dining Hub Lands at Eldon Square!
Pradera Lateral, Eldon Square’s Asset Management team are delighted to announce the arrival of award-winning entertainment and dining destination, Freight Island, to Eldon Square in Newcastle.
Opening this autumn, the destination is set to be the largest sin- gle-site F&B and entertainment venue in any UK city centre and will mark a significant step in the ongoing transformation of Newcastle’s cultural and social landscape.
The 60,000 square-foot indoor-outdoor entertainment and dining destination will reclaim the top floor of the former Debenhams unit and will offer an eclectic mix of global street food, a service-led res- taurant, a food hall with communal seating under a retractable roof, the UK’s first wine tanks, a state-of-the-art Music Box, and many more incredible features.
This milestone, which has seen a £16 million investment, has been driven through the strategic vision of Pradera Lateral, Eldon Square’s Asset Management team.
ADG Sunderland
Work started at multi-million pound Sunderland retail development
Work has now started on site to transform Sunderland’s former Farringdon Hall Police Station and adjacent land into a multi-mil- lion-pound retail development.
Almscliffe Dhesi Developments (1) Ltd, part of Almscliffe Dhesi, has already signed up national retailers for the site, just off Durham Road.
Once complete, the 32,100 sq ft retail park development will include a B&M Homestore, Costa Drive-thru, Greggs, The Tanning Shop and Westway Vets - creating more than 100 jobs.
A car park for about 110 vehicles is also being created, including accessible bays, cycle parking and eight electric vehicle charging points, let to Fastned.
Offices plan to boost local SMEs at Teesworks
SMALL businesses in the Tees Valley will be boosted after plans for new office and commercial space at the Teesworks site were approved.
Teesworks Ltd has secured planning permission from Redcar & Cleveland Council to build more than 40 hybrid commercial units of varying sizes on the giant 4,500-acre site.
The units, which are intended for light industrial use, will be situated on land in South Bank near to the giant SeAH Wind UK monopile factory currently being built.
A total of 43 hybrid commercial/office units are being planned for the site. The majority of these units – 35 in total – will be two-storey units with a utility area at ground floor level with large service doors and office floorspace on the first floor. Each of the units will have a dedicated access, along with parking and service areas.
Of the remaining eight units, five will be small units, each of just under 4,000 sq ft; two will be medium-sized units of just under 7,000 sq ft and one large unit will take up 11,194 sq ft.
The largest commercial units will have an associated service yard, HGV and car parking space.
In total, the hybrid unit development is envisaged to take up more 34 than 100,000 sq ft of space at Teesworks.
Teesworks Ltd intends to rent out the units to local SMEs, a number of whom are likely to service the needs of large occupiers on the Teesworks site, such as SeAH Wind and bp.
Teesworks Ltd chairman Chris Musgrave said: “While the likes of SeAH Wind and bp are headline-grabbing occupiers at Teesworks, it has always been our intention that their presence will feed into the local economy and help drive further investment and job creation.
“That’s why we have set aside this part of the development for hybrid units offering occupiers easy in/easy out access terms so that local small businesses can start up on the site or set up new offices here.
“We know how important small businesses are to building the bedrock of the local economy, creating jobs and driving prosperity which is why we always wanted to involve SMEs literally on the ground at Teesworks.
“We’re keen to make a start on building those units as soon as pos- sible so we’ll be getting on site as soon as we can and creating the spaces for new and existing businesses to set up and grow.”
Further information about the office units will be released in the coming months.
COMMERCIAL PROPERTY MONTHLY 2025
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