News
10-09-2019Only one unit remaining at popular speculative industrial development in South Tyneside
The North East of England is well-known as being a heavy hitter in the field of advanced manufacturing, and many organisations with their eyes on expansion have chosen to make the region their home.
To make the move easier, Hellens Group has been particularly active in creating speculative developments like Infinity Park, on Monkton Business Park South in Hebburn, South Tyneside, which was completed last year, providing all-encompassing solutions for a range of manufacturers across 60,000 sq ft.
Falcon Panel Products Limited, a supplier of wood-based products to manufacturers and builders merchants, moved into the £5m park’s largest unit with eight new recruits in January this year. The move formed part of a northern expansion of the business, whose nearest depot is in Leeds, West Yorkshire. The firm, which signed a 10-year lease on the property, employs 100 staff across six UK sites and expects to create another six new jobs after moving into the well-appointed facility.
Similarly, the scheme’s first tenant, Nichol Associates, relocated from a small unit on the estate to allow for long-term expansion, which has so far included taking on three new team members.
David Nichol, managing director of Nichol Associates, which specialises in asbestos training as well as removal, testing and disposal, said: “Our premises at Infinity Park provide an ideal solution as our business continues to evolve, with the potential for additional recruitment in the years ahead as we actively look to expand our services into manufacturing and other areas of the asbestos and environmental industry, to cater for both national and international clients.”
Infinity Park is Wearside-based Hellens Group’s third speculative development in the North East region in the last five years after similar schemes at Teal Farm Park in Washington, Tyne and Wear, and West Chirton Trading Estate in North Shields, North Tyneside, proved a great success.
The creation of the park, which comprises three high specification and highly adaptable industrial units, was supported by a £1.27m grant from the North East Local Enterprise Partnership’s (LEP) Local Growth Fund, and loan funding of £1.7m from the North East Investment Fund (NEIF), a loan fund also administered by the North East LEP.
The development, which complements the larger International Advanced Manufacturing Park (IAMP) on Wearside, the first phase of which is almost complete, is in a fantastic location just three-and-a-half miles from the Port of Tyne and 13 miles from Newcastle International Airport. Just off the A19, it lies halfway between Newcastle upon Tyne and the centre of Gateshead, is less than 10 miles from the city of Sunderland, and the UK base of Nissan is also less than five miles away. Only one unit remains available to let, extending to 15,901 sqft.
Gavin Cordwell-Smith, Chief Executive of Hellens Group said: “Speculative developments such as Infinity Park ensure that quality industrial properties are available to the huge diversity of businesses settling and investing in our region, not least those in manufacturing, so its brilliant to have seen such high occupancy so quickly following completion.
“We’re looking forward to seeing all our tenants grow and prosper at Infinity Park.”
Hellens Group specialises in a number of aspects of physical regeneration including purchasing sites for re‐development, using its in-house expertise to take complex sites from their planning stages through to the complete construction of high spec office space, industrial estates, and retail units.