National logistics developer, db symmetry, in partnership with Durham Cathedral, has exclusively unveiled how its new 2.1 million sq ft development in Darlington will look when completed, bringing a major economic asset to the region.
The reveal comes as construction for Symmetry Park Darlington gathers pace with the steelwork already completed for the first phase of the £100 million logistics and distribution hub. ISG Construction is main contractor for the 1.5 million sq ft building which is already pre-let on a 20-year lease to a world leading online retailer. The development is being funded by TRITAX Big Box REIT.
Symmetry Park, Darlington is a 90-acre site located on the A66, seven miles from Junction 57 of the A1 motorway and 20 miles from Tees Port. Since acquiring the site last November db symmetry has secured planning consent for over 1.6 million sq ft of B1, B2 and B8 uses and intends to gain outline consent for a further 500,000 sq ft on the remaining 37 acres.
db symmetry recently hosted an event in Newcastle to officially launch the scheme to North East agents representing the potential occupier market with a strong marketing drive to showcase the key attributes of the site in terms of specification and location. With the potential to create around 3,500 new jobs and contribute £180 million to the regional economy Symmetry Park Darlington is a significant new asset for regional and national investment.
Speaking at the event, Andrew Dickman, Director at db symmetry said, “We are pleased to formally bring Symmetry Park Darlington to market as an exceptionally strong proposition to those seeking a base in the North East. Having already pre-let a significant proportion of the site to a high calibre operator, we are in a strong position with funding in place and full site infrastructure construction underway. We can offer bespoke design and build options from 50,000 sq ft to 500,000 sq ft and potential for roadside amenities in the form of a hotel, a petrol filling station, drive through, restaurants and offices.
Colliers International is jointly advising db symmetry with Gent Visick and Carter Jonas.
Durham Cathedral was represented by Carter Jonas.
Andrew Gent of Gent Visick said, ““Symmetry Park, Darlington has secured one of the most significant investments in the north east in recent times. The key driver for this investment being the availability of labour and the excellent road communications. The development can still offer an occupier a large-scale single footprint unit or can be built out in a series of smaller units from 50,000 sq ft.”
The project team includes: Lichfields, planning consultants; GVA, project manager; Harris Partnership, architect: JPG, engineer; Desco, M&E consultant.
