Five assets in the fund’s Polaris industrial portfolio amounting to a combined 1m sq ft have been traded in a series of transactions.
In a major inward investment win, the Japanese robotics company is to open a 35,000 sq ft facility at Hillthorn Park, adjacent to Nissan and the International Advanced Manufacturing Park.
Investment fund Develop North has provided a £2.2m funding package for the pallet supplier to build 17,000 sq ft of warehousing and manufacturing space in Darlington.
Japanese motor giant Nissan has confirmed that production of the three models made at its North East plant will go electric at the site, meaning a £3bn investment.
Around 200 homes could be delivered at a former comprehensive school site north of Washington, while the council wants to build a “mobility hub” in the city centre.
Beds and sheds are no longer the dream property pairing. Plus: the Americans just keep coming.
Around 100,000 sq ft will be built across 43 units, in a development intended to allow supply chain businesses to locate close to large-scale power projects now under way.
Agent Avison Young has secured three lettings at Saltmeadows Trade Park and the adjoining Baltic Park, representing a combined 11,700 sq ft.
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.
Along with greenlighting the 90,000 sq ft industrial project, the council approved more than 80 homes at Hetton-le-Hole.
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