Spanish firm to create hundreds of jobs with new Tyneside trade park HQ
A European utility contracting firm has chosen the final unit at a new Tyneside trade park as its new base of operations.
Spanish-owned firm IQA Elecnor has signed a 10-year deal for premises at the £5m Infinity Park development in Monkton Business Park in Hebburn, which was completed just over a year ago.
The firm aims to develop the site into its regional headquarters, with plans to grow its headcount to a minimum of 300 over the next five years.
Craig Roberts, business development director at IQA Elecnor, commented: “IQA Elecnor has recently been awarded a major contract in Newcastle providing high spec fibre-in-the-loop, or FTTH networks. Following this, the new premises were selected due to their location, less than five miles from Newcastle city and close to both the A19 and the A1M.
“Infinity Park provides excellent access throughout the North East and this move shows we’re seriously investing in the area.
“This is now our fifth UK site as we expand our company and brand across the country, and we’ll be looking to work over a number of sectors in the market =place as we grow.”
Developed by Washington-based Hellens Group, the Infinity Park scheme comprises three industrial units which are now fully occupied by a range of businesses following deals brokered by joint agents HTA Real Estate and Avison Young.
Russell Taylor, director at HTA Real Estate, commented: “For this speculative development to be fully let so quickly after its completion is a fantastic achievement, demonstrating the demand for projects like this in the North East.
“We’re pleased to have played a part in the success of the scheme.”
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