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Property experts at Sanderson Weatherall have helped a North East engineering firm find new premises as part of a £2.5m investment which has created 25 new jobs with more to follow.
Dyer Engineering has increased its production capacity to almost 90,000 sq ft with the move to its new manufacturing facilities in Harelaw, where it has taken a long-term lease.
The deal breathes new life into the former Schmitz Cargobull site, which has stood empty since the trailer manufacturer exited the area in 2011.
The move allows Dyer Engineering to meet increased demand for its fabrication and manufacturing services from the oil & gas and subsea industries. With the additional space, Dyer Engineering has become one of the region’s largest precision machining and fabrication businesses.
The expansion is part of a £2.5m investment programme, which includes a £651,000 Regional Growth Fund grant secured through the Let’s Grow Fund.
Richard Scott, Partner at Sanderson Weatherall in Newcastle, said: “This was a thriving site under its previous occupiers, so there is huge satisfaction in concluding a deal, which will see it restored to a place filled with a strong and growing workforce. This is an ideal move for Dyer Engineering, which is a forward-thinking business in a growth industry, and we wish the team well in its new home.”
The new facility will be utilised for the production of larger, bespoke fabrications to complement the Annfield Plain site, which will focus on repeat, batch production products. Located within two miles of its existing site, the new facility includes full overhead craneage as well as offering office and meeting spaces.
Graeme Parkins, Managing Director of Dyer Engineering, said: “With the support of Sanderson Weatherall, we have found a site which really meets our present and future needs.
“These premises will support our plans, allowing space to continue growing and serving our existing and new clients. We see a bright future, working with the offshore sector to achieve growth and create jobs, here in County Durham."
In the past year, Sanderson Weatherall’s Newcastle and Teesside teams have let or sold a total of over 1.8 million sq ft comprising 1,480,827 sq ft of industrial space, 227,717 sq ft of office space and 128,396 sq ft of retail space across the region. The company’s largest deal in the North East was of 160,000 sq ft of industrial space.
Sanderson Weatherall’s head of commercial agency, Robert Patterson, said: “We are delighted to be named as the North East’s most active agent for the third consecutive year. We have a very hardworking enterpreneurial team across our three offices in the region, and the accolade reflects their dedication as well as demonstrating the return of confidence to occupiers in the commercial and industrial property market in the North East.”
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