| the north east INVEST IN DARLINGTON
area over the last five years, Darlington is undergoing one of its most exciting periods of growth. Combine this with significant investment into the transport network, new housing, educational facilities and the public realm and you have an area that's serious about investing in its future and deserves its position as 7th best place to live in the UK by USwitch.
F
rom the pioneering role in the birth of the railways, Darlington still leads the way in engineering, design and advanced manufacturing. With world-class expertise in low emission engines, bridge building, offshore, subsea and track products for the rail industry, Darlington businesses are at the forefront of innovation and a driving force in the UK’s engineering, design and advanced manufacturing sector. With new opportunities opening up in the microbiological and sub-sea sectors it's no wonder that across all business sectors, Darlington is a magnet for established as well as young companies, start-ups and entrepreneurs.
With over £500 million of public and private sector investment attracted into the
The town is split into three strategic areas: Central; East and West with the Central Growth Zone being at the very heart of Darlington’s commercial offer providing a high quality business environment which benefits from excellent transport connectivity along with close proximity to the town centre, academia and world leading research and training facilities. The town centre itself has seen significant investment in its public realm with a wide range of leisure and retail activity including the new £30m state of the art leisure complex – Feethams and its accompanying 650 space high spec car park. Continuing the regeneration in the town centre, Feethams House, available Autumn 2019, will provide 30,000 of Grade A office accommodation that will continue to provide footfall around Darlington’s
exciting townscape. The East and West Growth Zones provide perfect locations for growth with the East side taking in the key employment sites including the new 1.8m sq.ft Symmetry Park and the area can offer a high quality, commercial and industrial property solution for a wide range of potential occupiers wanting to benefit from excellent transport connectivity at a cost competitive business location. Comprising 635 acres of prime employment land to the west of Darlington, the North Western Growth Zone provides fast and direct access to the strategic road network and is the preferred base for a number of national distribution centres of globally recognised businesses, such as Argos Direct, ZyroFisher and Aldi.
INDUSTRIAL AND LOGISTICS EXPERIENCED A STRONG FIVE-YEAR PERIOD ACROSS TEESSIDE AND COUNTY DURHAM T
he industrial and logistics property market across Teesside and County Durham has experienced a strong five-year period according to Stockton based Connect Property North East. We have witnessed directly over the past few years a number of occupiers who have taken either pre-let or pre-sold buildings in Stockton on Tees, Darlington and Newton Aycliffe. Direct examples of these include Mammoet who have
Jonathan Simpson
invested in the region of £7m in a new state of the art 30,000 sq.ft facility at Teesside Industrial Estate, Stockton on Tees.
Elsewhere in the region we have concluded deals at Newton Aycliffe on pre- let refurbished buildings. Central Park, a 50,000 sq.ft former warehouse is
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undergoing a major refurbishment for Kitchen component distributor PWS who will take occupation later this month. Earlier this year similar deals have been struck with Pharmaceutical company CPI
...we are now starting
to see occupiers seriously consider new design and build and opportunities, particularly in County Durham.
who have moved into a 25,000 sq.ft facility and Schlegel who have expanded into 15,000 sq.ft, both of these buildings have undergone a major overhaul.
Opportunities for these refurbished
by Jonathan Simpson, Director, Connect Property North East Ltd
opportunities are now running out, there has been a recent race for shed space from both occupiers and investors looking to add value to the existing older stock in the region. As a result of this we are now starting to see occupiers seriously consider new design and build and opportunities, particularly in County Durham. Typical requirements are ranging from 20,000 sq.ft – 50,000 sq.ft, which are primarily manufacturing driven. The Automotive sector continues to have a strong influence on driving the market forward. We expect Newton Aycliffe to continue to thrive, the recent press announcement of Richardson Barberry partnering the 116 acre Forrest Park Aycliffe extension is fantastic news for the region and presents an exciting 10 years ahead. Slightly further south we are also hoping to make an announcement shortly on behalf of a private developer looking to build speculative Industrial units in Darlington, which will be the first in the town since 2007.
COMMERCIAL PROPERTY MONTHLY 2018
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