UK Land Estates, a prominent commercial landlord and developer, has announced ambitious plans to create over 400,000 sqft of new industrial property across the North East, representing a significant investment of £50m. The company has submitted five applications for speculative new build industrial developments on greenfield sites, with construction expected to commence in 2025.

The proposed developments include three units at the Teesside Industrial Estate, measuring 24,500sqft, 103,500sqft, and 202,000sqft, and two units at Team Valley, the company’s flagship estate. These comprise a 38,250sqft unit on Station Approach and a 49,500sqft unit on Fifth Avenue. These plans follow UK Land Estates’ recent £13.5m of speculative investments, which have successfully attracted occupiers over the past two years.

Tim Witty, Development Director at UK Land Estates, expressed confidence in the North East as an attractive location for business investment and growth. He noted that despite economic uncertainties, the company is dedicated to developing high-quality, energy-efficient commercial properties in prime locations.

FaulknerBrowns Architects, collaborating with UK Land Estates, has designed these properties. Steve McIntyre, a partner at FaulknerBrowns, highlighted the rewarding nature of these projects and the positive impact they will have on sustainable economic growth in the North East.

Keith Taylor, Managing Director of UK Land Estates, emphasised the company’s commitment to creating world-class commercial accommodation. He expressed hope that the planning authorities will look favourably upon these applications, paving the way for construction to begin by 2025.

These developments are anticipated to attract global leaders to the region and provide ample opportunities for local businesses to expand, significantly contributing to the economic vitality of the North East.