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Development Offers Gateway to the Region

The region’s development sector was handed a significant boost today (Thursday 18th June), with the official launch of Gateway West.
 
With doors now open and ready for business, the £30million scheme offers a total of 230,000 sq ft of high specification office and industrial accommodation.
 
It provides a rare chance for firms to secure a base beside the popular A1 corridor on one of region’s most prestigious business parks, Newburn Riverside.
 
Developers, the Caddick Group, funding partners, CBRE Investors and supporters, One North East, believe Gateway West is ideally positioned to serve Tyneside and will provide growing businesses with a unique opportunity to acquire the very latest in purpose-built, state-of-the-art office and industrial accommodation.
 
Director at the Caddick Group, Myles Hartley, said: “The completion of this project highlights our insightful approach to high-quality, sustainable development and an end result that will be well-received and valued by the commercial property market.”
 
Margaret Fay, who officially launched the completed development, said that businesses had been given an ideal opportunity to take-up residence north of the Tyne.
 
She said: “Gateway West is an ambitious scheme that gives us hope for a bright future for Newburn Riverside and for the commercial development sector in the North East.
 
“The Caddick Group has shown great ambition and confidence in these difficult times by pressing on with this impressive development.
 
“We have been watching the site’s progress with great interest and the quality design throughout the two buildings is a credit to all who have been involved.”
 
Gateway West’s two contemporary office buildings each offer three floors of inspiring work space. Building No.1 totals 31,389 sq ft and Building No.2 provides 21,552 sq ft within a landscaped environment.
 
Agents are already reporting interest in the twelve industrial / warehouse units ranging from 5,288sq ft to 49,967 sq ft – with larger units benefiting from generous yard space.
 
Well-connected to local transport links, companies looking for new industrial space will benefit from good transport links north and south via the A1 and A69, as well as close proximity to Newcastle International Airport and the Port of Tyne.
 
Gateway West has been awarded a BREEAM Excellent Rating due to the incorporation of a number of sustainable features such as a solar thermal hot water system, energy saving lighting, rainwater harvesting system and on-site cycling, walking and running route.
 
Available immediately, this significant amount of quality stock has been released onto the open market at a time when firms are looking to get the best possible value from commercial property assets.
 
Robert Patterson, director of agency and development at Sanderson Weatherall, joint agents with GVA Grimley, responsible for marketing Gateway West, said the scheme offers ‘something special’ for the region’s commercial property sector.
 
Robert said: “There is a limited choice of BREEAM Excellent space here in the North East, so there is great potential for firms looking for space available for sale or let. A strong environmental focus is a significant deciding factor for many organisations looking for commercial property and Gateway West offers these green credentials and affordable running costs in abundance.”
 
For more information visit www.gatewaywest.co.uk
 
 
 
Ends
 
Issued on behalf of Sanderson Weatherall.
 
Media Contact: Felicity Amer or Sam Dansie at Bradley O’Mahoney Public Relations 0191 281 8833
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