Wilton Developments has agreed a freehold deal with National Highways for 29,500 sq ft at Dynamo Park in Stockton-on-Tees, Durham.
Dynamo Park Stockton
Work is already under way on the new National Highways combined office and depot and occupation is expected by the end of the year.
The National Highways building will be the first development at the site and Wilton Developments has appointed Stainforth Construction to develop the facility.
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, said: “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.”
Dynamo Park has capacity for a further 530,500 sq ft of industrial, storage and warehouse space. The site currently benefits from reserved-matters consent for 470,000 sq ft of commercial space.
HTA and Savills have been appointed to market the development.
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