National property specialist UK Land Estates has acquired part of a North East business park.
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The firm has confirmed the acquisition of the site at Boldon Business Park near the Testos junction on the A19.
The site, which is home to a range of industrial and office properties, has been acquired from Nissan supplier Faltec Europe Ltd. The five factory units that form part of the site are former English Estates buildings, ranging from 11,790 sq ft to 70,028 sq ft.
David Gibbs, commercial director at UK Land Estates, explained: “This is a strategic site with excellent connectivity to the north and south thanks to significant recent Tyne Tunnel improvements, ongoing improvements at Testos junction and the IAMP development on the doorstep.
“This adds another set of high-quality industrial units, most with incorporated office space, to our portfolio – which is the largest in the North East.
“UK Land Estates’ purpose is to provide the best buildings for business by continually investing in and upgrading our units and estates. That’s exactly what we plan to do here on Boldon Business Park.”
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