Commercial Property News

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Friday, June 12, 2023

Faverdale East Business Park secures new lettings

The first occupiers for Faverdale East Business Park have been secured with lettings totalling 140,000sqft being completed within the last month. King Sturge has let a 100,000sqft unit to Cold Store Logistics Ltd and a further 40,000sqft unit has been let to Capita Business Services.

Faverdale consists of 190,000sqft of speculative industrial and distribution space, developed by industrial property specialists, Easter. The business park is situated on the outskirts of Darlington town centre alongside the 760,000sqft Argos direct regional distribution centre and the Aldi distribution centre totalling 360,000sqft.

Simon Hill, Industrial Partner at King Sturge said: "This location offers excellent road links to all parts of the region and has therefore been targeted by a number of retailers for their regional distribution hubs. We are confident that the last two remaining units will be occupied shortly."

New occupiers, Cold Store Logistics, have signed up to Unit 4 on a 15 year lease. The property will be used as a storage and distribution facility for the new logistics firm, which has recently been created as a result of a new contract with Aldi supermarkets to handle and repackage fresh produce on their behalf.

Sarah Purvis at Cold Store Logistics said: 'The unit at Faverdale provides us with high quality premises and the flexibility required to accommodate our needs to fulfil our new contract with Aldi. We intend to make a significant investment in the accommodation in order to customise the unit and create a state of the art cold storage facility'.

Capita Business Services, who have signed up to Unit 1 on a 10 year lease, will be using the property for storage and data centre facilities. There are now only two units remaining at Faverdale of 20,000sqft and 30,000sqft which are available for sale or to let.