Member Article

Newcastle property firm to market Newton Aycliffe’s Merchant Park scheme

Newcastle property firm HTA Real Estate will join national firm CBRE as joint agent on the 104 acre Merchant Park development in Newton Aycliffe - the site of Hitachi Rail Europe’s forthcoming factory.

HTA and CBRE will sell the remaining 35 acres of development plots with outline planning permission to provide up to 900,000 sq ft of industrial, warehouse and office units.

The site will be the home of the £82 million 469,000 sq ft Hitachi Rail Europe facility, which is due for completion in 2015.

HTA director Nick Atkinson said the supply of large modern units is limited acrosss the North East, but the market conditions are now right for developing new properties.

This was posted in Bdaily's Members' News section by Tom Keighley .