Prime North East industrial estate seeks tenants

A Gateshead industrial estate is set for growth after agents were tasked with attracting businesses to its facilities.

Avison Young’s Newcastle office, alongside HTA Real Estate, has been appointed by Westbrook Partners to oversee lettings at Follingsby Park.

The 118-acre estate, situated near the A1 and A19 corridors, features more than one millionsq ft of industrial and logistics space across 46 units.

With a low vacancy rate of less than five per cent, Follingsby Park currently has three units available, ranging from 7000 to 33,000sq ft, along with 9.1 acres of development land for custom build projects.

Nick Atkinson, director of HTA Real Estate, said: “This year marks 20 years as the agent on Follingsby Park for me.

“It has consistently had a low turnover of occupancy, and vacant units are snapped up quickly.

“Follingsby offers modern high specification buildings benefitting from 24/7 site security with unparalleled access and high-quality landscaping.”

Notable current tenants include Royal Mail, IKEA, Bunzl, Iron Mountain and Whirlpool, highlighting the estate’s appeal as a leading logistics hub in the North East.

Danny Cramman, director at Avison Young, added: “We are delighted to be appointed as joint agents on this superbly located industrial park which sits alongside dual carriageway links to both the A19 and A1(M) corridors.

“The location is attractive to both local and inward investment companies as is evidenced by the impressive historic take up of space and low vacancy rate.”

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