The industrial agency teams at HTA Real Estate and Avison Young, Newcastle who are appointed by Copley Point Capital to market four high specification warehouse units, recently completed at Turbine Business Park, Sunderland, have already secured tenants for two units within the scheme.
Bathroom Cladding Centre Ltd has taken a 10 year full repairing and insuring lease of the 20,000 sq ft TB20 unit which achieved practical completion last week.
Phil Mordey, Managing Director at Bathroom Cladding Centre Ltd commented “We are absolutely delighted to have relocated to one of these new units, which will more than double our capacity for stock holding, allowing us to have great product availability.”
Rheal Superfoods Ltd has taken possession of unit TB29 which extends to 29,418 sq ft by way of a 12 year FRI lease. The new warehouse will allow the business to grow as orders for their products increases.
The Turbine Business Park scheme delivers 168,000 sq ft of space on the 8.6 acre site, located at the junction of the A19 and A1231 Sunderland Highway. Two further units remain available to let extending to 51,000 sq ft and 68,000 sq ft respectively.
The units are to a high specification with up to 10m minimum eaves height, secure yards and a good level of offices and access doors, dock levellers on the larger units. The units have a BREEAM rating of very good and an EPC rating of A which will provide typical energy savings of circa 70% compared to a similar building from the 1980s or 1990s.
Nimit Oberoi, director, Copley Point Ltd, said: “We are pleased to see the strong tenant demand for these recently completed units.”
Simon Hill, Director at HTA said “We are delighted to have secured tenants for 50% of the recently completed units which is a true reflection of the high-quality of the industrial scheme and its prime location”
Danny Cramman, Director Avison Young said. “The scheme provides some much needed industrial/warehouse space to help address the current demand/supply imbalance in the North-East.”
