The new gem that’s set to change the property landscape of East Durham

Jade Business Park will cater for all parts of the regional economy and now that the speculative phase is complete, the focus of the project evolves with increased emphasis on the overall potential of the scheme.

Jade Business Park is a 55-acre employment site set to change the industrial playing field of the area in a big way.

The first phase of the site, at what was to become Jade Business Park, was officially completed in August providing 155,000 sq ft of brand-new speculative space said to be perfect for growing businesses working in distribution, technology and advanced manufacturing.

For businesses in East Durham and the surrounding areas the site has become an attractive prospect being close to existing premises to minimising the disruption of moving plus it’s enviable location just off the A19, in addition to the potential £275,000 savings on business rates for qualifying occupiers – it’s not hard to see why the site already has one Fortune-500 tenant on-site and a healthy pipeline of enquiries on the remaining six units.

A lot has happened since work started on the brand new 55-acre employment site Jade Business Park located at Murton, Seaham in County Durham.

Despite the challenges posed by the coronavirus pandemic, phase one of Jade Business Park is on track to be completed in August 2020 providing 155,000 sq ft of new industrial space, ideal for businesses working in distribution, technology and advanced manufacturing. With one tenant already on-site and several enquiries in the pipeline, the business park on the site of the former

Hawthorn Colliery and Cokeworks, is firmly establishing itself as a key employment location on the North East landscape. The Durham County Council owned site, managed by Business Durham, provides seven new industrial units from 11,109 sq ft (1,032 sqm) to 50,000 sq ft. These industrial buildings come with service yards and integrated offices. The site offers excellent connectivity, moments from the A19 and Dalton Park on the outskirts of Murton, Seaham with easy access to ports, airports and train stations.

The A19 trunk road provides links to Sunderland, Tyneside, Teesside and on to the motorway network. Jade lies just 10 miles from Nissan Motor Company, 12 miles from the Port of Tyne and 28 miles to Newcastle International Airport. The park’s location makes it the perfect base for companies involved in the automotive supply chain. Businesses like Jade’s first tenants, Fortune-500 company Sumitomo Electrical Wiring Systems Europe (SEWS-E) who moved into their 50,000 sq ft industrial unit in July, provides a major milestone for business park, developed by Highbridge Properties PLC.
On the move Mike Hall, DC Manager at SEWS-E, explained why Jade was the perfect place for the global company to expand their business: “The site’s location and offer is perfect for us. It is just six miles away from our previous facility which we have outgrown, close to the motorway and to our major customers.

“Our new building is purpose built, enabling us to grow and also accommodate a number of exciting new projects that have in the pipeline.”

As well as exceptional transport links, businesses locating at Jade can take advantage of the parks Enterprise Zone status, offering occupiers a rates benefit of up to £275,000 over five years. Jade Business Park has big ambitions, not only will the site provide much needed industrial property in East Durham with the potential for over one million square foot of new employment space, it will also bring a significant number of jobs to the county.

Sarah Slaven, Interim Managing Director at Business Durham explains: “It’s been a very exciting year for Jade Business Park as we welcomed our first tenant Sumitomo, bringing new jobs and economic growth to the area.

“The park is a prime location for businesses to establish themselves in Durham for relocation and expansion, thanks to its high-quality industrial units and excellent transport links. As the economy continues to deal with the effects of the pandemic, we are working with businesses as they tackle the challenges it brings. By providing the support businesses need and premier business parks, like Jade, Durham continues to be an attractive option for growing businesses.”

The construction of the new industrial units has been made possible by an investment of £14m from Durham County Council. This investment is part of Durham County Council and Business Durham strategy to create an environment where businesses can get back on track and thrive by providing the right infrastructure, funding and support to enable them to do so.

Additional support for highway and infrastructure works has come from the North East Local Enterprise Partnership (North East LEP) and the Highways Agency. It will help fund a programme of works to increase the capacity of the A19/A182 junctions serving the business park, which will allow for future growth.

Jade Business Park will cater for all parts of the regional economy and now that the speculative phase is complete, the focus of the project evolves with increased emphasis on the overall potential of the scheme. Despite the COVID pandemic there is strong interest in the Jade Business Park in addition to future developments on the site.

Guy Marsden, founding director of Highbridge Properties, development partners of Jade Business Park said “After what has undoubtedly been a difficult year for everyone, we now look forward to the economy moving into the recovery phase and supporting businesses to grow and create jobs. Welcoming our first tenant to Jade Business Park marks a major milestone in a project that will bring high-value manufacturing businesses, new jobs and sustainable economic growth to a premier area for businesses to thrive.”

READ MORE

Categories:

Tags: