Case Study: Gateway West industrial deal creates full occupancy and a chance to grow

Gateway West at Newburn Riverside
Published on: 25th September 2014

Newcastle’s Gateway West is a 12 acre site at Newburn Riverside that we were able to acquire on behalf of Caddick Developments.  Newburn Riverside is a premier business park, comprising 227 acres that are strategically located adjacent to the A1(M).

The site was marketed by One North East and we were able to provide advice that ensured Caddick were appointed as preferred developers for the multi-use site.

Our planning team was able to secure a detailed consent for 185,000sq ft of industrial and 53,000 sq ft of office accommodation. Prior to construction we were able to sell the whole scheme to CBRE Global Investors; this sale de-risked the development for Caddick and allowed them to make a healthy profit.

Our agency team was retained by CBRE Global Investors as letting agents on the scheme and in November 2014 the site was fully occupied following lettings to Equine Products Ltd and Vets Direct.

General manager of Equine Products, Enda Kelly said: “Gateway West is ideal for us. Around 60% of our business is done in international markets and the new offices’ proximity to Newcastle Airport, along with how great it looks, makes it an excellent site from which we can showcase our operations to clients old and new from around the world.”

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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We provide a complete planning service to a range of private and public sector clients including property owners, occupiers, developers, investors, institutions and local planning authorities in the residential, commercial, renewables, leisure and agricultural sectors. Our advice is based on extensive knowledge of the ever-complex and fast-changing UK planning system.  This enables us to provide bespoke and cost-effective advice at all stages of development from project inception, spatial master planning to negotiating final project delivery. We pride ourselves on always offering one principal point of contact which means our advice is always consistent and provided in a timely manner.  It also means that each member of our team embraces responsibility.  Our collaborative way of working with other technical specialists means we are experts at finding solutions to assist in unlocking latent value. The Planning Process   The basis for decision making is set out on planning legislation, that is, “if regard is to be had to the development plan for the purposes of any determination to be made under the Planning Acts the determination must be made in accordance with the plan unless material considerations indicate otherwise". We apply this approach to each of our planning services.  Our Services We offer the following services: • Planning Strategy Formulation • Planning Appraisals • Planning Applications & Appeals • Community & Stakeholder Engagement • Environmental Impact Assessment • Planning Obligation Negotiation • Land Promotion • Policy Representations • Monitoring Services • Master Planning & Development Briefs • Due Diligence   Contact Us

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Sanderson Weatherall’s team of expert industrial property agents provide specialist advice on the sale, acquisition, development, leasing and funding of industrial property across the country. With an in-depth understanding of the UK Industrial sector, including the logistics sector, and the factors that affect it, as well as extensive knowledge of the local and regional markets they deal in, the team offers pro-active market intelligence on emerging trends and opportunities for industrial property owners and occupiers alike. A large and varied client base includes investors, developers and occupiers. The specialism is supported by a broad range of additional services within the business. We act on behalf of manufacturers, logistics operations and financial institutions by offering strategic market advice on mixed use schemes, distribution, break ups, portfolios and single buildings. Contact Us

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