Member Article

Trio of businesses on board at Team Valley trade park

New build industrial scheme Earlsway Trade Park, based in Gateshead’s Team Valley, has attracted three new occupiers.

The Park, built by Northumberland Estates, lies three miles south of Newcastle city centre and is one of the region’s busiest commercial estate.

New tenants, Camden Windows, telecommunications specialist Ward Air and Buy Smart cladding specialists have taken units at the estate ranging in size from 1,200 sq ft to 3,270 sq ft.

Cushman & Wakefield acted on behalf of Northumberland Estates jointly with Naylor’s Surveyors to agree the lettings.

Emma Stainsby of Cushman & Wakefield’s Industrial agency team in Newcastle, said: “Northumberland Estates have achieved a modern commercial development in an attractive landscape setting.

“Demand for units in Team Valley remains strong and following its completion last year, we received significant occupier interest in the units at Earlsway.”

Michael O’Driscoll, Asset Manager at Northumberland Estates said: “We are delighted with the completed scheme and how it complements the existing units on the estate.

“From the outset we were keen to enhance the northern end of Earlsway and further establish it as a prime trade park location.

“The proximity to Maingate and the surrounding amenities have proven to be a major advantage as has the recent A1 improvements.

He added: “Current interest levels suggest that the scheme will be fully let before the end of the year which is quicker than we anticipated and has given us further appetite for speculative development within the region.”