Gestamp Tallent grows North East base with lease on new premises

Engineering company Gestamp Tallent has taken a 12-year lease on two new buildings to assist in the growth at its North East operation.

Chartered surveyors Sanderson Weatherall have helped to secure the lease on the 10 acre site on the Aycliffe Business Park, Newton Aycliffe, adjacent to the company’s existing premises.

The lease includes the site’s two industrial buildings which provide a total of more than 123,000 sq ft of internal floor space. The site is owned by Arctic Cat Property and asset managed by Roebuck Capital from London.

Gestamp Tallent manufactures automotive components for a number of vehicle manufacturers in the United Kingdom, Europe and Rest of the World.

Jonathan Simpson, partner at Sanderson Weatherall’s Teesside office, said: “Gestamp Tallent has been at the heart of the Aycliffe Business Park for decades and this additional space strengthens that position for years to come, creating jobs and growth in the area.

“The deal also continues the engineering and manufacturing-led drive which we are seeing within the industrial commercial property market here in the North East, and particularly at Aycliffe.

“It is great to see the site occupied once again following its closure back in 2009. This is the second time I have let this site in the space of 8 years and the letting is a real testament to both Tallent and our client bringing a near derelict site back to life.

“This is the largest letting on Aycliffe since we completed on the 150,000 sq ft letting to Ebac at the back end of last year on the former Radius Systems site.”