Gateshead's Baltic Park receives major £6m six-acre space
GVA has brought 100,000 sq ft of industrial space in East Gateshead to the market.
This comes as construction work at Baltic Park at Saltmeadows Road - the largest industrial development to be built in the area without grant funding for over a decade - is continuing to progress.
The six-acre site is being developed by Langley Holdings and follows on from a previous phase involving the demolition of two redundant properties that were vacant for many years.
Langley Holdings is investing in excess of £6m on the scheme, including the construction of 11 new industrial units together with associated car parking and service yards.
The units range in size from 2,375 sq ft (221 sq m) to 48,500 sq ft (4,506 sq m). They will be available to rent on full repairing and insuring leases from September 2018.
Bernard Watson, Langley Holdings’ group commercial director, said: “We are delighted to finally start work on our business park scheme and we very much look forward to its opening later this year.
“We have taken great care over the design layout and landscaping within the scheme and we are pleased to be able to bring these much-needed business facilities to the area.”
Danny Cramman at GVA, the sole letting agents for the scheme, added: “Baltic Park lies within the East Gateshead Industrial Estate, adjacent to the Gateshead International Stadium and the A184 Felling bypass offering access to the A19 and A1M, as well as Gateshead town centre and Newcastle city centre.
“We anticipate strong market interest in the extensive range of high specification units at this location.”
GVA is providing project management and planning consultancy services on the new build construction scheme, and is also the retained property manager for the adjoining Saltmeadows Road Trade Park and Industrial Estate.