Sites and Premises

Sites

One NorthEast has an extensive choice of development sites available in various locations throughout the region, providing great opportunities for businesses and investors to develop their own purpose built premises.  Development plots are generally available on attractive terms and at competitive open market values.
 
Development opportunities are available at the following locations:

• Belasis Hall Technology Park, Billingham  »
• Cowpen Lane Industrial Estate, Billingham  »
• Imperial Park, Middlesbrough  »
• Kirkleatham Business Park, Redcar  »
• Oakesway Industrial Estate, Hartlepool  »
• Queens Meadow, Hartlepool  »
• Greencroft Industrial Estate, Annfield Plain, Stanley  »
• Meadowfield Industrial Estate, Durham  »
• Villa Real Business Park, Consett  »

Premises

In April 2004 One NorthEast and UK Land Estates formed a new 50/50 partnership company in one of the largest property transactions ever to take place in the region.  The Public Private Partnership (PPP) with UK Land Estates has brought in private sector expertise to manage more effectively the Agency's retained investment portfolio as well as the injection of substantial resources to regenerate the properties and estates over the coming years.
 
Known as 'Buildings for Business', the joint venture company is able to offer high quality business accommodation in a portfolio stretching from the Scottish Borders down to North Yorkshire.  Comprising 1,700 properties on 49 estates, the region-wide portfolio consists of workshops, factories and warehouses ranging in size from 45m2 (500 sq ft) to over 14,000m2 (150,000 sq ft), together with a number of purpose built offices, high-tech units and managed workspace accommodation.
 
Over 200 units are available to let - the smaller units of less than 230m2 (2,500 sq ft) being usually available on "easy in - easy out" Tenancy Agreements allowing tenants to vacate upon the service of 3 months notice and the larger units being usually available to let on lease for terms of between 6 and 24 years. In certain circumstances a sale, usually by way of a long premium lease, can be considered.