UK Land Estate to invest over £35m in North East properties

UK Land Estates has earmarked the money to construct more than 270,000 sq ft of new, Grade A industrial and warehousing space throughout 2025 and 2026.

The company has also set aside £12 million to refurbish and retrofit several units across its business parks, which span from Northumberland to Teesside.Keith Taylor, managing director of UK Land Estates (Image: UK Land Estates)

All of the new build developments are speculative, with more than 200,000 sq ft on Team Valley, and 25,000 sq ft in Teesside.

Moreover, the business has, or is in the process of, securing outline consent for a further 600,000 sq ft of space across its core estates.

Keith Taylor, managing director of UK Land Estates, said: “There is still a supply and demand imbalance in the region for high quality, well located industrial space, evidenced by our recent building programme and successful leasing activities.(Image: UK Land Estates)

“Last year, we brought several new units to market, ranging from 9,000 to 72,000 sq ft, to fit a range of industry sectors and sizes and the team delivered a superb product, with most letting on or before practical completion.

“With all of our speculative schemes benefitting from both B2 and B8 consents, the flexibility caters for the increased demand for logistics and warehousing space as increasing numbers of businesses shift to trading online, but also the region’s growing advanced manufacturing and engineering industries.”

The investment drive follows a £20 million outlay by UK Land Estates last year, which saw five new units constructed at Team Valley Trading Estate, Teesside Estate, Nelson Park Industrial Estate and Tyne Tunnel Trading Estate.

This included a 72,898 sq ft industrial and warehousing facility at Tyne(Image: UK Land Estates) Tunnel Trading Estate, a new drive-thru Starbucks at Teesside Estate in addition to three speculative industrial units and a 44,000 sq ft facility for LeGrand at Cramlington’s Nelson Park Industrial Estate, which is currently underway.

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Mr Taylor added: “We are one of the few developers that continue to speculatively build in the region, irrespective of some of the macro-economic challenges that face the industry.

“We own our land and have a team that can deliver quality buildings for business, creating new and refurbishing stock on existing estates where there is currently facility and infrastructure mitigates risk, while allowing us to assist our current tenant base with their business demand.

“Looking ahead, we are hopeful that this latest investment drive will further build on the £20 million we’ve invested over the last two years and act as a catalyst for further economic growth across the region.”

For more information on UK Land Estates, visit the company’s website.(Image: UK Land Estates)