A new £30m scheme has been announced for Team Valley in Gateshead.
UK Land Estates, an industrial and warehouse developer, has unveiled plans for a £30m investment on Kingsway. This could accommodate over 850 jobs within businesses in the finished development, and the construction phase would support nearly 780 direct and indirect jobs.
"The industrial element of the scheme proposed as part of the 10-acre mixed-use development, will deliver the most advanced buildings of their type seen in the region, most appropriate as the site was once the home of a leading engineering company, Huwood. That was the past, today we have a clear vision of the future – this is industrial evolution,”
“The site is very prominent at the northern end of Kingsway. Our ambition is to set new levels of industrial space for the region that is likely to appeal as a headquarters for a high- end manufacturer keen on location, image and attracting a skilled workforce.”
John Seager, director at UKLE “The prominent location, excellent connectivity, and the quality of building design, will ensure this becomes one of the premier addresses in the region.”
Mark Proudlock, partner, industrial agency, Knight Frank “The occupier could well come from the offshore, wind and gas, technology and IT sectors as well as manufacturing and engineering end-users seeking a style of operational building that reflects a significant corporate image with a style, elegance and finish that sets them apart.”
“This will be space that will reflect the success of the occupier and be an attraction to a skilled workforce. What we are proposing is market leading, innovative and at the forefront of architectural design for industrial and warehouse space."
Keith Stewart, director at joint marketing agency Naylors 