A North East-based commercial property investor has bolstered its regional footprint after securing a large volume of industrial space.
UK Land Estates has acquired more than 275,000sq ft of industrial space at Team Valley Trading Estate, taking its total investment in the region beyond £80 million in 2025.
The deal covers 22 multi-let units and increases the company’s occupational holdings at Team Valley to more than 1.9 million sq ft.
The latest acquisition includes units at Princes Park and The Dukeries near Retail World, home to household names such as Virgin Media, Karcher and Autoglass.
UK Land Estates also owns the wider freehold of Team Valley, enabling it to move quickly on further acquisitions and future development opportunities.
David Gibbs, property director of UK Land Estates, said: “Our strategy is to continue developing on our core estates and providing modern facilities for a range of businesses, whilst also acquiring long leasehold properties on our freehold, which provide day-one income in good quality buildings.
“Over the past few years, we have invested significantly in expanding our portfolio through the re-acquisition of large swathes of New York Industrial Estate, Nelson Park and Boldon Industrial Estate and this deal further builds on that.
“Alongside our ongoing new-build and refurbishment projects across the region, it will significantly bolster our portfolio and ensure we are able to continue providing the best possible service to our customers long into the future.”
Earlier this year, the developer announced plans to invest more than £35 million across the North East over the next two years.
This latest deal means that figure has already been exceeded within eight months, underlining the company’s continued confidence in the region’s industrial and commercial property market.
David added: “While there remains a fair amount of uncertainty in the market, one thing we do know for certain, having witnessed it first-hand, is that the North East remains a destination of choice for businesses from across the globe seeking to grow.
“During 2025, we have continued to develop speculatively where others have only looked to do so against pre-lettings.
“We are nearing completion of a large speculative unit on Team Valley’s Centralway, which is a modern high-bay unit of 65,000sq ft and have advanced interest in this ahead of practical completion.
“This underpins our approach of drip-feeding quality stock into the market, whilst investing in our core assets through refurbishment and acquisition.
“The business is also nearing the point of starting works on Kingsway North, which will provide yet more quality space into the market, as well as two pre-lets to firms which are household names.
“Looking ahead, our ambition is to build on this by continuing to invest in the North East, so should the relevant sites or properties present themselves, then there could well be further announcements to follow.”
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