Wilton Developments has achieved practical completion on the four-unit scheme totalling 168,000 sq ft at Turbine Business Park, Sunderland. Pursuant to a development agreement this scheme is owned by Block Industrial Limited – a real estate joint venture vehicle managed by Copley Point Capital. CBRE Leeds team acted on behalf of Wilton in the sale with Avison Young working on behalf of Block Industrial. The units of 20,000 sq ft, 29,000 sq ft, 51,000 sq ft and 68,000 sq ft have been constructed to a BREEAM Very Good standard with an EPC A rating. The scheme is strategically located close to the intersection of the A19 and A1231 close to the Nissan UK car plant.
The smaller two units have already been let prior to completion to Decor Cladding Direct and Rheal Superfoods, highlighting the high quality of the scheme and its location. Avison Young and HTA Real Estate are marketing the remaining two available buildings.
Jason Stowe, Managing Director, Wilton comments “We are delighted to complete these four high quality units on behalf of Block Industrial and we look forward to seeing the lettings progress to join other successful businesses on the scheme such as Vantec, Brenntag and the popular Washington Business Centre. We have a planning application submitted for the final plots of the scheme and we look forward to bringing these buildings to the market in the future.”
Nimit Oberoi, Director, Copley Point Ltd commented “We are pleased to see the strong tenant demand for our units and address the supply and demand imbalance in the region. It has been a great pleasure to work with Wilton on this scheme and we look forward to doing more deals together.”
Alex Whiting, Senior Director, CBRE said “Wilton have an excellent track record for delivering quality units across the north of England and Turbine is set to be another successful scheme.”
