March 5, 2020
Seven speculative units totalling 155,000 sq ft of new space at the 55-acre Jade Business Park (Jade) will be completed this spring, with the first 50,000 sq ft unit having been pre-let to Sumitomo Electric Wiring Systems Europe (SEWS-E).
The landmark new business park has been made possible thanks to the partnership between Durham County Council, Business Durham, and Highbridge Properties, the company behind the UK’s largest office park, Cobalt, in North Tyneside.
Jade is poised to become the new gem in the east Durham economy, providing over 750,000 sq ft of new employment space for offices, large scale manufacturing and distribution occupiers.
Ultimately, it promises to deliver thousands of jobs and bring tens of millions of pounds into the economy.
The site is ideally located, 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 and Hartlepool, and on to the major motorway networks. Jade also lies just ten miles from Nissan Motor Company, ten miles from the Port of Tyne and 28 miles to Newcastle International Airport.
County Durham has a vibrant and effective labour market of 259,300 people and employees based at Jade will benefit from good public transport links, ample parking and electric vehicle charging stations, with Dalton Park – the biggest outlet shopping and leisure centre in the North East of England – located directly adjacent to the site.
Breathing new life into the area
Jade Business Park lies on the former Hawthorn Colliery and Cokeworks, which was the largest British Coal site in the North East.
The business park will breathe new life into this area, with the site completely remediated and now classified as a designated Enterprise Zone, allowing business to be rate-free for up to five years, which could be worth up £275,000 – a huge boost to any business.
Meanwhile, Jade has also received £14 million funding for highway and infrastructure works from the North East Local Enterprise Partnership (NELEP) and the Highways Agency that will help to fund a programme of works to increase the capacity of the A19/A182 junctions serving the business park and allow for further growth.
Global business becomes the first tenant
A real vote of confidence in Jade and Country Durham as the place to do business came with the announcement that Sumitomo Electric Wiring Systems Europe (SEWS-E) is to become the site’s first tenant.
Part of a global Fortune 500 corporation, the relocation to Jade has enabled SEWS-E to expand into the largest unit of 55,000 sq ft, where it will produce and distributes automotive wiring harnesses, fuse boxes, connectors, and cables throughout Europe and to the Nissan plant in Sunderland.
Commenting on the announcement, the Minister of State for Local Growth, the Rt Hon Jake Berry MP, says: “We’re committed to boosting economic growth across the Northern Powerhouse and the whole of the UK as we work to level up our regions.
“I’m delighted Sumitomo Electric Wiring Systems Europe is the first business to make Jade Business Park its new base, it is a sign of the confidence companies have in the North East and UK economy.”
Mike Hall, DC Manager at SEWS-E, is also looking forward to the move.
“We’re looking forward to getting into our new site at Jade Business Park in Durham this year. The site’s location and offer are perfect for us. It is just six miles away from our current facility, which we have outgrown, close to the motorway and our major customers. Our new building is being purpose-built, enabling us to grow and accommodate a number of exciting new projects that are in the pipeline,” he says.
Make Jade home for your business
Six new speculative industrial units for distribution, technology, and advanced manufacturing businesses are now available within the first phase of Jade Business Park – ranging from 11,109 square feet to 31,098 square feet.
These industrial buildings come with service yards and integrated offices. The park’s location also makes it the perfect base for companies involved in the automotive construction supply chain and this has already been demonstrated by the prelet of 50,000 sq ft to SEWS-E.
Potential occupiers can take advantage of a range of flexible and bespoke solutions for their business, tailored to meet their exact needs.
With support packages available from this Durham County Council-owned site, Jade Business Park is a very desirable location for business occupiers and investors alike.
With room to grow, the 55-acre site has the potential for up to 750,000 sq ft of space for offices, large scale manufacturing and distribution tenants in future phases.
Find out more today about how Jade could be the perfect home for your business by visiting www.jadepark.co.uk
Jade Business Park is classified as a designated Enterprise Zone, allowing business to be rate-free for up to five years, which could be worth up £275,000 – a huge boost to any business.
– Advertising feature –