Leeds-based property consultancy Dove Haigh Phillips (DHP) has brokered a significant deal at the 65-acre Durham Lane Industrial Park at Eaglescliffe in Teesside.
Packaging recovery firm Returnable Packaging Services (RPS) Ltd has bought five acres of prime development land for an undisclosed sum.
RPS, currently located at Maltby on Teesside, will build a new industrial facility on site.
Gary Hudson, the managing director of RPS, said: “We are pleased to announce the expansion of our operating facilities on Teesside. Having increased the number of our customers from international retailers to national waste management companies, we had outgrown the current headquarters.
“Wanting to remain within the Teesside area, RPS began looking for a site to build a purpose built facility. The site will help RPS expand current operations, accept greater volumes of pallets for re-use and increase the number of full-time employees.
“The purchase of the land was completed recently and planning approval was granted by Stockton Borough Council ready for work to commence at the new site. We intend to have the works completed and be fully operational by October this year,” explained Mr Hudson.
Durham Lane, which is currently zoned for industrial and warehousing development, is owned by property investment company Hansteen Holdings plc.
Simon Dove, partner with DHP, said: “This is an excellent deal for all parties. It is a resounding endorsement of Durham Lane as a development site and is a very suitable location for RPS’s new facility.
“Durham Lane is an industrial and employment park with tremendous potential, with the capacity to create up to 600 jobs.
“It is superbly located, close to the national motorway network via the A66, Durham Tees Valley Airport and the East Coast sea ports, while also being adjacent to Eaglescliffe Station, which has direct links to London with Grand Central trains.
“At the same time, the development has access to a vast and experienced labour pool and is close to global industry leading businesses like Tata Tetley, Carroll and Meynell and Nifco. Our aim is to see the land developed to its full potential, creating cost-effective, brand-new business premises. The RPS deal is the first step on this journey.
“The sizes of these new premises will vary and depend on demand. We will be very flexible in fulfilling occupiers’ needs,” added Mr Dove. “There are still 60 acres left on site to be developed.”
Craig Johnson, regional manager of Hansteen in the North East, said: “We are delighted to welcome RPS as an occupier at Durham Lane Industrial Park. We have further land available for sale and also for turn-key development and look forward to working with DHP to attract further occupiers to the park.”