A trade park development in Gateshead has achieved full occupancy following completion of the scheme’s final letting which has been secured by Newcastle-based commercial property specialists Naylors Gavin Black. At Earlsway Trade Park, the firm has brokered a 3 year lease with Origin Tech Ltd, a cleantech product development company working primarily in the water and offshore renewables sectors.
The scheme, which comprises nine trade counter units speculatively developed in 2018 by Northumberland Estates, is positioned at the northern end of Team Valley. In the last 12 months Naylors Gavin Black has also completed further lettings to two expanding horticulture businesses, Unit 15 to Greendaze Hydroponics and Unit 9 to House of Kojo.
Keith Stewart, partner at Naylors Gavin Black said: “The Team Valley continues to be one of the most sought after locations in the region, largely due its accessible location and diverse mix of businesses. We are delighted to have worked with our joint agent Cushman and Wakefield to help deliver a vibrant trade park which I am sure will prove to be a popular destination in the years ahead.”
Since completion of the development. Earlsway Trade Park has also attracted tenants including Ward Air, Camden Group, Buy Smart, Karm Design and Q Interiors.
Duncan Christie, industrial agency surveyor at Naylors Gavin Black added: “The success of Earlsway Trade Park has come as a result of the strength of the location but also the quality of the design and construction of the scheme. The development has proved to be very popular amongst businesses looking for a trade counter facility, together with a workshop or office.”