Member Article

North East surveyors AMA Group in major office letting

Naylors Chartered Surveyors has facilitated with letting of 46,000 sq ft at Whitehouse Business Park, Peterlee to clothing manufacturer the AMA Group.

Bill Naylor of Naylors Chartered Surveyors acted on behalf of a syndicate of owners in the letting of one of the last big spaces available in this part of the former East Durham Enterprise Zone.

Bill commented; “ Whilst AMA Group are a new company they have masses of industry experience at senior management level and identified market opportunities to supply leading retailers with cost effective, just in time garment orders that foreign manufacturers are unable to meet.

“Our clients were impressed by the business case put forward and were keen to support the initiative, so terms were agreed within just a few weeks of the initial enquiry being made.”

AMA has committed to a 10 year lease on the property in a deal which represents the largest office letting in the East Durham area for over 10 years and has the potential to bring around 200 jobs back to an industry that once employed over a million people in the UK.

This was posted in Bdaily's Members' News section by Ellen Forster .