North East
North East, are a major new addition to the centre of Durham. There is a huge amount of industrial development underway for bespoke clients, such as Britishvolt and JDR Cables in Cambois Northumberland, SSE/Equinor in South Shields and for Envision AESC on the International Advanced Manufacturing Park in Washington.
There are also multiple speculative schemes being built, the first time we’ve seen this in the North East for quite a while. For example, schemes at Intersect 19, Tyne Tunnel Industrial Estate in North Tyneside, Jade Business Park at Seaham and Hillthorn Business Park in Washington, all offer high quality industrial units for manufactures in key strategic locations.
My main role at Invest North East England is to attract new occupiers to the North East. As such, all these developments provide me with the compelling raw material that I need to demonstrate that there is plenty of incredible new property to occupy in the region.
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office development is already host to several inward investors including Ocado Retail and RSA Insurance, who will occupy part of one of the two new office buildings totalling 150,000 sq ft planned on the site. Riverside Sunderland will help transform the city, supported by its ambitious smart city plans which includes the first private 5G network operational in the city.
Durham City is also bustling with activity. The construction cranes on Milburngate which have been vying for attention with the cathedral over the past couple of years have now gone which means that the 450,000sq ft mixed use development is nearing completion. The 200,000+ sq.ft. of offices at Milburngate, which continues the trend for new city centre office development in the
Invest North East England has a property search function on its website, enabling businesses of all sizes, to search for offices, industrial properties and land sites anywhere in County Durham, Tyne and Wear and Northumberland. It is a great resource for investors and demonstrates that the region has something for every business. If you are looking for new premises, check it out.
The North East is an exciting location for businesses to invest; from our vibrant city centres to out of town business parks and high-spec industrial sites. It truly is the time to move on up.
If you are a business and you are considering moving to North East England, contact our team for further information -
enquiries@inee.co.uk
COMMERCIAL PROPERTY MONTHLY 2022
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