King Sturge secures second big deal at Foxcover Distribution Park
26 April 2008
135,000 ft² of industrial space at Grantside's Distribution Park in Seaham, County Durham
King Sturge Newcastle office has agreed a pre-let of 135,000 ft² of industrial space with seafood company Cumbrian Holdings Ltd at Foxcover Distribution Park in Seaham, County Durham.
The deal, which achieved a headline rent of £4.75 per ft² was the second of its kind completed by King Sturge, who also let a 125,087ft² unit to the company last spring. Cumbrian Holdings provide a range of fresh fish and seafood products to some of the UK’s leading retailers and are now expanding their operations at the Foxcover site.
Foxcover Distribution Park, developed by Grantside, is rapidly becoming one of Seaham’s real success stories; it is already home to big names Robertson’s Timber Kit, Yearsley and ISL cold storage.
Steve Davis, Managing Director at Grantside said: ‘Foxcover’s prime location initially attracted Cumbrian Holdings as it offers unrivalled transport links with close proximity to the A19 and the newly constructed port at Seaham. We are now delighted to be providing the company with an additional new build to house their expanding business needs, including extensive car parking facilities to cater for their labour intensive manufacturing operation’.
The success of the business park combined with substantial improvements to the Seaham area are highly significant in contributing to raising the profile of Seaham as an attractive location for businesses looking to relocate.
Simon Hill, Industrial Agency Partner at King Sturge said: ‘The extensive redevelopment of Seaham town centre and the excellent road links has proved advantageous in the lettings at Foxcover. We have seen the area go from strength to strength over the last year, with the Foxcover site securing some excellent covenants’.
Following the success of the first phase of development at Foxcover a further two units of 37,000ft² and 62,000ft² have now been completed, which are available to let. Joint letting agents for Foxcover Distribution Park are King Sturge and GVA Lamb and Edge.
