Logicor has commenced the comprehensive refurbishment of its 72,980 sq ft warehouse / production facility on Swan Road, South West Industrial Estate, Peterlee.
Unit 2 Swan Road comprises a 72,980 sq ft modern high bay warehouse / production facility located on South West Industrial estate, an established commercial location within Peterlee. The scheme benefits from excellent road links via the A19 approximately 1.5 miles to the north.
Centrally located in the North East, within easy access to the region’s major conurbations, rail networks and ports, South West Industrial Estate is already home to a number of major occupiers including NSK Bearings, Caterpillar and TRW Automotive.
Richard Phillips, Logicor’s UK Portfolio Director, comments: “We are excited to start the comprehensive refurbishment of Unit 2 which will provide excellent modern industrial space in an area where we are seeing high customer demand.”
The comprehensive refurbishment will include roof refurbishment, the installation of replacement rooflights and recoating of the cladding, along with an upgrade of the curtain walling. The office accommodation will also be fully refurbished to a high standard with new LED lighting throughout the office and warehouse space. The outside space will be landscaped, and reconfigured, and new loading and pedestrian doors will be added to the unit.
David Cox, Partner at Hollis’s Newcastle office, overseeing the works, comments: “We are pleased to be appointed on this refurbishment scheme. We originally dealt with the dilapidations claim and it is great to see this significant investment to bring the premises back to a good standard and to improve the energy efficiency of the scheme.”
Cushman & Wakefield and Naylors Gavin Black are joint letting agents.
Chris Donabie, Partner at Naylors Gavin Black, says: “Once refurbished, this will be the only unit of its size and quality available up and down the A19 between Teesside and Tyne & Wear and around ‘hot spot’ locations in Washington, Sunderland and South Tyneside. The works will provide high-quality space suitable for warehouse and production uses, with refurbished offices and extensive external areas with potential for further expansion to meet occupier requirements, all within a three minute drive time of the A19.”
Richard Scott, Partner at Cushman & Wakefield’s Newcastle office, adds: “The market remains extremely compromised in terms of ready supply of units of this quality and size and as such we expect to see healthy demand, and indeed are already fielding enquiries prior to commencing the refurbishment works.”
Unit 2 Swan Road will be available to occupy in Q2 2021.
