Mid box development for Northeast
UK Land Estates is speculatively developing four new mid-box units in the Northeast.
The £8.5m investment will create new units across two of its major business parks. A 35,000ft² speculative industrial building is under construction on Eighth Avenue East in Team Valley, while three smaller buildings, ranging from 8,000 to 20,000ft², are being marketed in Teesside Estate. The buildings are due to be completed by the end of May.
Tim Witty, Development Director at UKLE, said: “High specification new-builds, that are able to offer a level of efficiency that simply cannot be matched in refurbished accommodation, teamed with the many advantages of being based on our parks – from the excellent transport links we boast to the eco-systems we create – mean that we’re confident of attracting interest and investment in these new spaces.”
The units are all being developed for the same use, and each has the capability of operating at zero carbon emissions thanks to in-built power sources, as well as highly efficient lighting and heating.
Witty added: “We’re working hard to drive down carbon emissions across our estates, be that through working with businesses on the park to retrofit their buildings or ensuring that the new developments we bring forward are as efficient as possible.”