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Business & Economy

Naylors instructed to support next stage of IAMP development

Naylors has been appointed as commercial property agent for the International Advanced Manufacturing Park (IAMP) in Sunderland.

Construction works to prepare the 370-acre site for the next stage of development are now underway and it’s thought that Naylors’ specialist knowledge will help to streamline the process.

This stage of development on IAMP includes infrastructure being installed for roads, drainage, utilities and environmental mitigation work.

IAMP is being delivered as part of a joint venture between Sunderland and South Tyneside councils, with Henry Boot Developments being instructed as delivery partner.

Tom Wheldon, regional manager at Henry Boot, said: “It’s great to have Naylors on board – the team brings significant knowledge of local markets and the companies driving the economy within the North East, so they’re well placed to support IAMP as we welcome further occupiers.

“Interest from potential occupiers is robust – particularly from manufacturing and engineering companies with large requirements, and smaller businesses looking for light industrial and warehouse space.

“With its port connections, strong local skills base, significant power capacity and connectivity, there is no better location for companies within the automotive and advanced manufacturing industries.”

IAMP has been described by Government as a ‘nationally significant infrastructure project’ and it is hoped that the facilities being built on the site will create more than 7000 jobs over the next 10 to 15 years.

Chris Donabie, director at Naylors, added: “It’s great to be appointed on such a unique and important scheme for the North of England.

“IAMP is already capitalising on our region’s strengths in the automotive and advanced manufacturing industries, beginning to provide the very best buildings and environment for businesses to thrive.”