UK Land Estates has acquired part of Boldon Business Park, South Tyneside, in a major new deal.
The site, close to the Testos junction on the A19, is home to a variety of industrial and office properties and has been acquired from Nissan supplier Faltec Europe Ltd.
UK Land Estates will now market all buildings which range from 11,790 sq. ft. to 70,028 sq. ft.
The five high quality factory units that form part of the site are former English Estates buildings that UK Land Estates will invest in.
David Gibbs, commercial director at UK Land Estates, explained: “This is a strategic site with excellent connectivity to the north and south thanks to significant recent Tyne Tunnel improvements, ongoing improvements at Testos junction and the IAMP development on the doorstep.
“This adds another set of high-quality industrial units, most with incorporated office space, to our portfolio – which is the largest in the North East.
“UK Land Estates’ purpose is to provide the best buildings for business by continually investing in and upgrading our units and estates. That’s exactly what we plan to do here on Boldon Business Park.”
This latest acquisition adds to UK Land Estates extensive portfolio of more than 13 million sq. ft. of commercial property and land.
It has an ongoing programme of renovation and new development designed to meet the changing needs of occupiers across a wide range of sectors.
As the largest owner of industrial estates in the North East, UK Land Estates works with clients from multinational corporations to SMEs and through to sole traders.
This year marks the company’s 30th anniversary – it having grown from a single commercial unit to the largest commercial property owner and developer in the North East, with a portfolio of 28 estates.
