Chartered surveyors at the Teesside office of Sanderson Weatherall have identified the area’s industrial property hot spots.
The firm’s Stockton-based team operate across the Tees Valley, as well as in parts of County Durham and North Yorkshire, with expertise in the industrial, retail and office markets.
Partner Jonathan Simpson said: “The industrial sector is strong at the moment. In the 12 months to April, we concluded over 65 industrial deals, selling or letting over 1.2m sq ft of space. There are hot spots across the area, largely in the Tees Valley, but also in County Durham, which reflect the region’s heritage as the industrial heart of Britain.”
The eight hot spots highlighted by Sanderson Weatherall are:
•Aycliffe Business Park, in Newton Aycliffe
•Belasis Business Park, Billingham
•Kirkleatham Business Park, in Redcar
•Peterlee Industrial Estate, in Peterlee
•Portrack Lane, Stockton
•Preston Farm Industrial Estate, in Stockton
•Queen’s Meadow Business Park, in Hartlepool
•Teesside Industrial Estate, in Thornaby
Jonathan said: “In each of these areas, we have concluded important, landmark deals or have significant interest in sites which, when sold or let, will bring employment opportunities to the area.
“There is no doubt that the work of Tees Valley Unlimited, the Local Enterprise Partnership, in promoting areas such as Kirkleatham Business Park within the area’s Enterprise Zone, has made a big difference, as we saw with Allied Fittings coming to Redcar earlier this year. However, areas such as Aycliffe Business Park are thriving on their own, with employers such as Ebac expanding into a new 150,000 sq ft facility.”
Stephen Catchpole, Managing Director of Tees Valley Unlimited, the Local Enterprise Partnership for Tees Valley, said: “The research by Sanderson Weatherall demonstrates how the strategies we have drawn up, with our stakeholders and partners, have created a compelling business offering and environment that are attracting companies to Tees Valley business parks.”
Other highlights included the sale of 8 acres to Tracerco at Belasis, the sale of 150,000 sq ft to Tinsley Special Products at Preston Farm, Stockton On Tees and the expansion of Propipe in Hartlepool.