Plans have been revealed for the creation of a £20m shipping container business park at one of the UK’s largest office parks, Cobalt Park in North Tyneside.
Located adjected to the existing Cobalt Business Park, the new Crate Park will use upcycled shipping containers to create unique retail, leisure or small office spaces, offering affordable solutions for both start-up and existing retail businesses.
If planning is accepted then it is estimated that businesses would be able to start moving in November of this year.
Agents from our Newcastle office have been appointed alongside Lambert Smith Hampton as joint agents and are looking to hear from any businesses interested in hearing further information about the spaces.
Kevin McGorie, agent at Sanderson Weatherall commented, “The popularity of ‘By The River Brew Co.’ on the riverside and ‘Stack’ in Newcastle City Centre has reinforced the increasing demand for alternative spaces, especially in the wake of so many closures on British high streets.
“One of the real standout benefits of the Crate Park is that the owners are offering mentoring programmes for those that take space, to help encourage start-ups. The park prides itself on providing the environment for businesses to be successful and with the guidance and support offered it will help to create a very vibrant business community.”
A spokesperson for the Crate Park commented, ““This isn’t just about providing affordable space – it’s about providing a team to hold entrepreneurs’ hands and help them with all the decisions. Whenever you hear people talk about incubators, it’s always about growing tech businesses, never retail. We want this to be a springboard to the High Street; a self-contained group who can all work together, cross-pollinate and create a business community.”
For more information about the Crate Park please click here.