Renewables industrial investment on River Tyne brought to market

A renewable energy site in a growing industrial hub in North Tyneside has been brought to market.

The Hadrian Yard is being marketed by local property specialist Avison Young on behalf of HHIL.

Situated on the North Bank of the River Tyne, the property is currently used as a manufacturing and assembly yard for jacket foundations for use in offshore wind turbines.

Comprising 461,128 sq ft of industrial, warehouse and office space, the site includes 1km of waterfront, a 25-acre reinforced concrete assembly pad and a yard power capacity of 5000 KVA through 10 substations.

The yard has previously been used for the offshore oil and gas industry, and is within reach of key offshore energy locations such as Dogger Bank, Hornsea and other North Sea developments.

The marketing of the site follows the North East being chosen as one of four regions that will form part of a new Offshore Wind Growth Partnership, following the announcement of a £250m bespoke agreement between government and industry.