Newcastle-based HTA Real Estate has completed a string of deals in Northumberland, disposing of over 133,000 sq ft across three different estates.
The industrial property specialists have let a 29,342 sq ft unit at Wansbeck Business Park in Ashington to LED lighting manufacturer Raytec, who have signed a 10 year lease on unit 15.
The Japanese-owned firm, which was founded in 2005 and also has a base in Canada, is expanding from a nearby unit on the business park in a move that will double its floor space.
Raytec has appointed HTA Real Estate to market its former premises, unit 3 Rotary Way, which comprise a 14,315sqft warehouse with extensive offices and adjoining expansion land.
In Morpeth, HTA has secured the letting of a 25,919 sq ft warehouse unit on Coopies Lane Industrial Estate to global seatbelt manufacturer, IMMI Ltd, which has relocated from Cramlington.
The firm has also completed the sale of two further properties on the estate, a 3,054sqft unit to the Vauxhall dealership Davidsons of Morpeth to allow for expansion, and a 79,052sqft warehouse facility to NB Clark, a construction and plant services company, which required the additional space to complement its existing depot on Coopies Lane.
Elsewhere in Northumberland HTA has been instructed to market the existing industrial buildings at Lynefield Park, the site of the former Alcan smelter.
Acting on behalf of Harworth Estates, HTA Real Estate has recently secured the letting of a 3,200 sq ft unit at the entrance to the site. The new tenant, former Durham and Kent cricketer, Ben Harmison, has set up a personal training company on the business park, Harmison Personal Training.
Lynefield Park was set up by Harworth Estates, the former real estate arm of UK Coal, after the closure of the Rio Tinto smelter. The site has already attracted a range of new tenants including Lynx Precast, H-Mix, C&J Marine and Sisk.
Russell Taylor, director at HTA Real Estate said: “We are delighted to have secured these deals in quick succession on behalf of a number different clients. Northumberland is a large county and the south eastern corner benefits from particularly good road links and continues to be popular with industrial and quasi retail occupiers.
There are some excellent industrial estates in Northumberland and in the best locations we are seeing a real shortage of good quality industrial accommodation. We know of several companies with specific requirements which they can’t currently satisfy”.