A speculatively built Trade Park on Gateshead’s Team Valley has attracted three new occupiers.
Earlsway Trade Park is a new build industrial scheme by Northumberland Estates comprising nine trade counters units and is part of the popular Team Valley Trading Estate, the North East’s busiest commercial estate.
New tenants, Camden Windows, telecommunications specialist Ward Air and Buy Smart cladding specialists have taken units at the estate ranging in size from 1,200 sq ft to 3,270 sq ft.
Cushman & Wakefield acted on behalf of Northumberland Estates jointly with Naylor’s Surveyors to agree the lettings.
The estate lies approximately three miles south of Newcastle city centre and provides direct access to the A1 Western Bypass. Nearby occupiers include EuroCar Parts, ATS Euromaster, Flowserve and Crosslings.
Emma Stainsby of Cushman & Wakefield’s Industrial agency team in Newcastle commented: “Nortumberland Estates have achieved a modern commercial development in an attractive landscape setting. Demand for units in Team Valley remains strong and following its completion last year, we received significant occupier interest in the units at Earlsway.”
Michael O’Driscoll, Asset Manager at Northumberland Estates said: “We are delighted with the completed scheme and how it complements the existing units on the estate. From the outset we were keen to enhance the northern end of Earlsway and further establish it as a prime trade park location. The proximity to Maingate and the surrounding amenities have proven to be a major advantage as has the recent A1 improvements.
He added: “Current interest levels suggest that the scheme will be fully let before the end of the year which is quicker than we anticipated and has given us further appetite for speculative development within the region.”