Agents secure 'landmark' business hub contract
A property sector duo has secured a deal to market a “landmark” business hub.
HTA Real Estate and CBRE have been appointed joint agents for the 126-acre West Hartford Park development.
Based in Cramlington, Northumberland, officials say the venture has potential to create more than 2000 jobs and pump in excess of £150 million into the North East economy.
Led by Arlington Real Estate and Homes England, the endeavour – based close to Port of Blyth – would span more than one million square feet, with industrial and manufacturing units ranging from 40,000sq ft to 532,000sq ft.
Planning bosses are set to decide on the blueprint in May.
Dean Cook, managing director at Spennymoor-based Arlington Real Estate, said: “Appointing HTA Real Estate and CBRE is a significant step forward for West Hartford Park.
“West Hartford Park offers something genuinely unique in the North East: scale, power, connectivity and proximity to a deep-water port.
“As we work alongside the local planning authority towards a committee decision, our focus is on ensuring the scheme is ready to move quickly following approval, so we can convert that interest into investment, jobs and long-term economic value.”
Richard Scott, director at Newcastle-based HTA Real Estate, said: “West Hartford Park is one of the most significant employment sites being brought to market in the North East.
“We are already engaging with a range of businesses exploring expansion and relocation opportunities.”
David Cato, CBRE director, added: “There is strong demand nationally for large, well-located industrial and manufacturing sites with the ability to deliver tailored solutions – and West Hartford Park meets that requirement.”
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