Agents appointed for North East’s largest speculative industrial scheme
Agents appointed for North East’s largest speculative industrial scheme
September 2021
HTA and Avison Young have been appointed as joint in relation to the exciting Hillthorn Business Park, Sunderland, a joint venture between Sunderland City Council and their investment partner, Legal and General.
The 600,000sq.ft. development, incorporating sustainable building technology is the North East’s largest speculative industrial scheme in over a decade. The first phase of the £60m Sunderland development – which could bring 1,600 jobs to the North East – has recently been granted planning approval.
Phase one is to the west of the site, with work set to start within weeks. It marks a significant step forward for the two-phase development with proposals for a wide range of industrial and advanced manufacturing space. The site is ideally located close by to the Nissan plant.
Danny Cramman, Director, Avison Young comments, “This is a very exciting project to be involved with and we anticipate a strong level of interest at this strategic location alongside the A19, Nissan, the International Advanced Manufacturing Park and the proposed Envision AESC battery Gigafactory.”
Nick Atkinson, Director, HTA adds. ”This development will bring some much needed high quality space to the market where there is currently an undersupply. We are already talking to several parties about pre-lets and expect a high level of demand”
Graeme Miller, leader of Sunderland City Council, said: “We’re delighted to see plans for a site that has huge job-creating potential moving forward.
“Sunderland has a deserved reputation for excellence in advanced manufacturing and logistics, and we’re sure these spaces will quickly attract occupiers to create more and better jobs for local people.”
The units will be ready for occupation in the Autumn of 2022.
Enclosure: Photo of Hillthorn Park scheme
For further information:
Ian Parker, Consultant, UK: 01912690071 / 07919692879
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