Rula Development has been appointed preferred developer by Stockton-on-Tees Borough Council for its significant 54-acre site at Durham Lane Industrial Park.
The land, adjacent to Eaglescliffe Train Station and one mile from the A66, was purchased by the Council in 2021 with money from the Tees Valley Combined Authority’s Indigenous Growth Fund (IGF). Following a competitive tender process, Rula Developments was selected to deliver an industrial and logistics led development for the strategically important site.
Initially Rula will work in partnership with the Council on its commitment to spend £3million IGF grant money on infrastructure improvements to unlock the land for development. Thereafter Rula will develop plots in line with occupier demand.
Chris Renahan, Assistant Director of Inclusive Growth and Development at Stockton-on-Tees Borough Council, said: “This is a really exciting step for this vital employment site and Rula has demonstrated an impressive track record with a wealth of experience and contacts, providing a massive opportunity to attract investment.
“Durham Lane is already home to huge firms and employers like Tata Consumer Products Limited and Nifco. Now we’re in a really strong position to attract even more businesses when you consider the excellent transport links nearby, in particular the redevelopment of Eaglescliffe Train Staton.
“Rula is our preferred developer because its vision matches our high ambitions for the site and its credentials demonstrate an ability to deliver similar sites across the country, including Cheshire, Doncaster and Oldham. Plus, this will be its flagship scheme in the North East, with no competing sites of its own in the region.”
Ben Ward, Managing Director at Rula Developments said, “We are delighted to be selected as preferred developer for this significant site at Durham Lane Industrial Park, working in partnership with Stockton-on-Tees Borough Council. Our ability to identify economic potential by unlocking land value is backed up by our strong credentials in providing fast and efficient turnkey solutions for occupiers.
“Our plans for Durham Lane Industrial Park include the delivery of important new infrastructure and industrial/warehouse units with high ESG credentials in line with occupier demand. We hope to submit a planning application later this year for consideration and it is our ambition to commence site preparation and enabling works as soon as this process is complete.”
Rula Developments is a privately owned commercial development company focusing on identifying and developing sites across the UK for immediate or medium to longer-term strategic development, delivering high quality buildings and schemes.
Rula has successfully delivered 1,400,000 sq ft of logistics and industrial space across 168 acres of land and has 2,500,000 sq ft of development either contracted or under development. Projects include the speculative deliveries of Eclipse, a 405,411 sq ft smart space logistics unit in Doncaster, and a 190,598 sq ft prime logistics and office unit at J28 of the M1, Fulwood.
