AS industrial development experts, Goodrich Consulting LLP have secured another project management and quantity surveying appointment with long-term client, Legal & General, on the largest north east industrial pre-let in a decade.
LGIM Real Assets has secured a pre-let at Gateshead’s Follingsby Park, which will see the development of a new 135,000 square foot warehouse for TOR Coatings.
Planning permission was granted by Gateshead Council in October 2017 for the new facility, which will incorporate office space to accommodate the TOR Coatings’ European office HQ. The Birtley-based company, which was established in 1975, is a subsidiary of RPM International, one of the world’s largest coatings groups employing more than 14,000 people.
TOR has agreed a 20-year lease, and work has already started on site, with completion expected this summer.
Matt Jarvis, fund manager at LGIM Real Assets said: “A leading global manufacturer, TOR Coatings, is another great addition to Follingbsy Park and a further endorsement of its compelling occupier offer, following significant investment and improvements made to the park in recent years.”
One of the UK’s leading providers of flame-retardant coatings, TOR Coatings will use the new site predominantly for warehousing, which will allow it to increase its manufacturing capacity at its Birtley site.
Follingsby Park comprises over 1.1m square feet of industrial floorspace and has attracted occupiers including Argus Fluid Handling Systems, Comau and Max Energy.
Cushman & Wakefield is joint letting agent with HTA Real Estate.
Goodrich have also been appointed to manage the feasibility and construction of three further plots at Follingsby Park.
For further information contact Goodrich Consulting LLP on 01604 859859, email or visit www.goodrichllp.com