Partner Article

Two new firms in at Yarm Road development

Two new businesses have taken up space at the former Torrington site on Darlington’s Yarm Road.

Snap Fitness has opened its first North East gym in the 4,360 sq ft unit beneath the new Travelodge, while Howden’s Joinery has opened a 7,000 sq ft trade counter on the trade park.

The two firms join tenants on the site that include the Toby Carvery, Screwfix, Magnet, Yesss and FPE Seals.

The 25-acre site has been developed by Commercial Development Projects (CDP) of Elland over the last decade.

Since then, created investments including The Travelodge, The Toby Inn and The Yarm Road Interchange Trade Park have been sold in a collection of deals worth around £8.5m.

Andrew Wilkinson, director at CPNE, said: “The recent Travelodge, gym and multi-let trade park investment sales reflect continued confidence in the UK and in particular North East investment markets in spite of Brexit uncertainties, which continue to feature in daily national press.

“Demand for quality investment stock has been particularly evident over the last three to six months, resulting in robust pricing and an excellent outcome for our client.

“This market sentiment might forge the way for future new development in the North East, linked with a robust occupational market particularly in the industrial sector.”

James Marshall, Director of Commercial Development Projects Ltd, added: “We are very pleased to have successfully invested in the North East and Darlington, providing jobs and a new lease of life to this site, for now and the future of the area.”

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