Deals and Developments in the North East
We are focusing on the commercial property market of the North East for this blog post. It’s a region that has a strong history in technological innovation and where manufacturing is the largest industry. We catch up with deals and developments that some of our agents have been involved with:
Avison Young secured the forward funding for a new Holiday Inn Hotel in Keel Square, Sunderland. The square is named after the Keel Line of a ship to celebrate the city’s shipbuilding past. The hotel will have ground floor commercial units suitable for food and beverage outlets and will create around 130 jobs.
Carter Towler have recently let 1,070 sq ft of office space to debt solutions firm Freeze Debt in Ambler House, Boar Lane, Leeds. This five-storey Grade II listed building has recently undergone refurbishment . It has 11 office suites on the four upper floors and two retail/leisure units on the ground floor.
Carter Towler also acted with joint agents CBRE in representing CDP Marshal, a large infrastructure investment company in the acquisition of 119,500 sq ft industrial space at 62 Leeds, Geldard Road, a 70-acre industrial site at J27 of the M62.
Gent Visick have been getting a bit into the outdoors with a letting to a glamping pod manufacturer Anthropods at the Hambleton Grove industrial and warehousing estate, Knaresborough.
Why not also have a read of our interview with Nick Atkinson of HTA Real Estate, niche industrial agents in the region who takes a look at current North East demand and trends?