Former Biffa site hits the market
A 100,000 sq ft South Tyneside warehouse is available to occupy following an £8m investment by Kans and Kandy Property, which bought the asset in 2022.
The owner said that the Simonside Industrial Estate property, formerly occupied by waste giant Biffa, has been redeveloped into a highly sustainable industrial property.
Main contractor Tri Construction and project manager IBA Architects are due to hand over the Shaftesbury Avenue building to newly appointed joint agents, Naylors Gavin Black and HTA Real Estate for viewings to begin.
K&K’s overhaul involved the stripping back of the structure to its frame, and adding a new roof and cladding.
With new insulation, photovoltaic panels, LED lighting and an air source herat pump have been added to give the building an EPC A rating.
The building has a 2.3-acre yard.
Keith Stewart, partner at Naylors Gavin Black, said: “South Tyneside has limited opportunities for properties of this size, particularly given its prime location close to the A19, Tyne Tunnel and the wider road network.
“The property is rare because of its 360-degree circulation, extensive yard and 1,000-kva power supply – which make it versatile for both logistics and manufacturing occupiers.
“Apart from the steel frame and the yard, everything else is brand-new. Kans and Kandy have done a tremendous job in creating one of the best units of its size in the North East region.”
Peter Razaq, co-founder and chairman at Kans and Kandy – which last week secured consent for a boutique hotel in Newcastle city centre – said: “This building is a great addition to our growing, diverse portfolio of land and properties.
“In line with the Kans and Kandy Group’s focus on creating a sustainable legacy, it was incredibly important to us to go the extra mile to make this building as green as possible.”