Investment at Darlington business park set to create 300 jobs
Posted by Knight Frank Newcastle on 28th October 2019 -
The new owners of Darlington business park, Lingfield Point, are set to create up to 300 jobs by converting a former industrial unit into Grade A offices.
London-based real estate funds manager, Frogmore, is now on site speculatively developing 25,795 sq. ft. of office space.
Property agents Knight Frank and Cushman & Wakefield are marketing the space internationally to find a tenant.
With completion expected in May 2020, the new space could attract a major office occupier thanks to its large open-plan, single-level floor plate which ensures maximum efficiency, coupled with the North East’s quality workforce.
Frogmore says it is keen to take the award-winning Lingfield Point - which is home to major occupiers such as Student Loans Company, Capita and Wood Group - to the “next level”.
Patrick Matheson, Partner at Knight Frank Newcastle, said: “This new office is going to be very contemporary with exposed services and lots of natural light thanks to the north roof light design, creating a fantastic working environment. The single-floor layout makes it well suited to a customer service provider and possibly a company that is considering ‘North-shoring’ or ‘re-shoring’ its operation to make it more efficient.”
Lingfield Point is an 85-acre business park two miles from the centre of Darlington. It was created on a historic industrial site that was previously home to Europe's largest wool manufacturing plant developed by Patons and Baldwins.
Greg Davison, Director at Cushman’s added: “For any occupier looking to locate their business in the UK regions, Darlington, and Lingfield Point in particular, offers a fantastic opportunity. It offers a strong labour pool, combined with an enviable life/work balance for staff, all within easy reach of London and the wider region via the East Coast mainline.”
The business location also has office space available from 200 sq. ft. to 130,000 sq. ft. and warehousing up to 130,000 sq. ft.
Lingfield Point is adjacent to the A66 Trunk Road, which links directly to the A1(M) providing access to the region’s major conurbations. It is 21 minutes from York and 2 hours 21 from London by train, making it very accessible to the rest of the UK.
For further information, please contact:
Ella Mullings, Commercial PR Manager, +44 2038 970 044
Laura Jeffery, Commercial PR Executive, +44 20 3869 4714