The industrial agency teams at HTA Real Estate and Avison Young, Newcastle have been appointed by Copley Point Capital to market four high specification warehouse units which are to be constructed at Turbine Business Park, Sunderland.
The fully consented scheme will deliver 168,000sq ft of space on the 8.6acre site located at the junction of the A19 and A1231 Sunderland Highway. Construction commenced on 29th November with the units set for completion on 16th September 2022. Units of 20,000sq ft, 29,000sq ft, 50,750sq ft and 68,250sq ft will be delivered.
Turbine Business Park, which is already home to Vantec’s 422,000 sq ft warehouse facility, is positioned adjacent to Nissan’s car factory where Nissan recently announced a £1bn investment to produce a new generation of electric cars as well as a “Gigafactory” to produce the batteries to power the vehicles.
The units are to a high specification with up to 10m minimum eaves height, secure yards and a good level of offices and access doors, dock levellers on the larger units. The units will have a BREEAM rating of very good and an EPC rating of A which will provide typical energy savings of circa 70% compared to a similar building from the 1980s or 1990s.
The scheme will provide some much needed industrial/warehouse space to help address the current demand/supply imbalance. Nearby occupiers include ASDA, Amazon, Nissan UK and several Tier 1 suppliers. The units have a flexible design which will appeal to a wide variety of occupiers and there is scope for potential occupiers to make their design inputs, especially in the early stages of construction.
Simon Hill, Director at HTA said ‘We are delighted to be appointed on this high-quality industrial scheme located in a prime industrial area’
Danny Cramman, Director Avison Young said ‘Turbine Business park is located in an excellent location to benefit from both the growth in the logistics market and Nissan supply chain’