Business & Economy
Lingfield Point investment set to create 300 jobs
October 30, 2019
The new owners of Lingfield Point business park in Darlington are converting a former industrial unit into Grade A office space, creating 300 jobs in the process.
Real estate fund managers, Frogmore, is providing finance for the 25,795 sq ft space and property agents Knight Frank and Cushman & Wakefield are marketing it internationally to find a tenant.
Completion is expected by May 2020. The new office space is being designed as open-plan, single-level floor space to ensure maximum efficiency and attract a major office occupier.
Frogmore says it is keen to take Lingfield Point to the “next level”. The site already hosts major occupiers such as Student Loans Company, Capita and Wood Group.
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 adjacent to the A66 Trunk Road and also has existing office space available from 200 sq ft to 130,000 sq ft.
It was created on a historical industrial site that was previously home to Europe’s largest wool manufacturing plant developed by Patons and Baldwins.