Wilton Developments has agreed a freehold deal with National Highways for a 29,500 sq ft unit at the Dynamo Park development on Cheltenham Road in Stockton-on-Tees.
The National Highways building will be the first built at the site and Wilton Developments has appointed Stainforth Construction to deliver the facility as well as the site-wide infrastructure package, which opens up the remaining development plots.
Dynamo Park has the capability to accommodate a further 530,500 sq ft of industrial, storage and warehouse space and benefits from reserved matters (detailed) consent for 470,000 sq ft of B2/B8 commercial space.
Rach Whitfield, development director at Wilton Developments, said: “It’s fantastic to secure such a high-profile occupier as the anchor for this flagship development. It will set a benchmark for a high quality range of industrial space planned for Dynamo Park. We are now on site delivering the infrastructure needed to open up the remaining plots for a further 530,500 sq ft of industrial space at this prime A19 location. The development will drive job opportunities, inward investment and economic growth in the area, capitalising on the lack of available stock in the region for businesses wanting to upgrade their facilities and environmental credentials.”
Steve Cooke, director of estates and facilities services at National Highways, added: “The development of our new combined office and depot at Dynamo Park will become an important part of our estate supporting our long-term vision of connecting the country. As we take over direct operational control of the management of the A19 the new facility will be key in delivering safe, well-maintained roads. We are also consolidating our nearby Darlington office onto the site to ensure we have an efficient estate to support operational delivery which is better, greener and smaller.”
HTA and Savills have been appointed to market the development and Carter Jonas has been appointed to represent National Highways’ project team.
