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Tuesday, August 12, 2023

Gladman Developments dispose of 50% of Berwick development

Gladman Developments has disposed of more than 50% of the first phase of its speculative industrial development at Ramparts Business Park in Berwick-upon-Tweed.

Local firm, Farm To Freeze, has acquired the freehold of unit 3d and has taken a five year lease on unit 3c. Both are purpose-built small industrial units, each of 3,789 sq ft. Prices were undisclosed.

Based in the nearby town of Wooler, family run business Farm to Freeze is relocating its Food Services distribution centre with a view to expanding its successful wholesale food and drink division. Farm to Freeze Food Services supplies hotels and public houses across Northumberland and the Scottish Borders.

A further two industrial units, each of 3,789 sq ft, remain available for sale or lease at Ramparts Business Park, as does 27,000 sq ft of new speculative purpose-built offices, ranging in size from 1,035 sq ft to 4,500 sq ft.

The industrial units are designed in an open-plan configuration to allow for subdivision if required and ready for occupiers' fit-out. A concrete mezzanine area provides additional storage space, or a platform for first-floor offices. Each has 7.5 eaves height, 4m x 4m level access doors, car parking and service area, 50kN/m2 floor loading and is fully DDA compliant

Ramparts is England's northernmost business park and stands on the northern outskirts of Berwick-on-Tweed, only a stone's throw away from the Scottish Border, sandwiched between the A1 and the main East Coast rail line from Edinburgh to London.

"Now that we have completed work on phase one and secured our first deal, we are confident that further deals will follow," says Richard Horsfield of Gladman Developments.

Nick Green of joint agents Edwin Thompson says: "We are delighted to have secured the Farm to Freeze deal. Gladman Developments' schemes at Ramparts Business Park provides local companies with the right kind of high quality, well designed accommodation to help expansion and ensure that they remain in the area to support the local economy."

Quoting prices for the industrial space at Ramparts Business Park are 5.50psf for leases and 75psf for freehold, while office space prices are 140psf freehold and 11.50psf for leases. Agents for the scheme are GVA Grimley's Edinburgh office and local agent Edwin Thompson.

With its head office in Cheshire, Gladman Developments also has offices in the North East of England in Newcastle-upon-Tyne and in Scotland in Livingston. It is the UK's largest developer of speculative office and industrial accommodation, investing more than 100 million per year building new business parks and presently has more than 1,000,000 sq ft under construction.