Member Article

Final vacant unit sold at Stockton’s Opus Park

Property development and investment company Opus North has sold the last vacant unit at Opus Park in Stockton-on-Tees to the Jennings Motor Group.

The Ilkley-based company has completed ten lettings and sales at the 400,000 sq ft Opus Park, which is situated in the heart of Stockton’s Preston Farm Industrial Estate, adjacent to the A66.

The Jennings Motor Group has bought the 93,000 sq ft unit for an undisclosed sum. The group also owns the adjacent unit.

Opus Park was developed on the site of the old MFI factory site on Teesside and has been transformed into a modern, fully-occupied industrial warehouse complex with unit sizes up to 150,000 sq ft.

Opus North director Andrew Duncan said: “This final deal is a ringing endorsement of the quality of the development and the investment we made in it.

“We created 11 high-spec, high-quality, single-storey units for lease or sale – individually or in multiples to suit occupiers.

“This has transformed the old MFI factory into a modern industrial and warehousing complex for the 21st century.

“Opus Park is superbly located in the Tees Valley with excellent access to the national motorway network from the A66.

“It is also close to Durham Tees Valley Airport and Teesport. It suits modern manufacturing and warehousing companies perfectly. It has proved to be a success story for us and we wish all its occupiers well.

“This final sale cements further the sentiment that the North East industrial occupational and investment market has picked up.”

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