Distribution firm snaps up Gateshead shed
FPS Distribution (part of Alliance Automotive Group) has taken UK Land Estate’s 36,000 ft2 property, at Eighth Avenue Team Valley, Gateshead.
By Liza Helps Property Editor Logistics Matters
THE FIRM has signed a 15-year lease for the unit, which will act as its regional distribution centre.
The unit built to acheieve an EPC A rating has LED lighting throughout, solar panels, air source heat pumps and electric vehicle charging stations. It has 30,886 ft2 of warehouse space with 9.25m eaves, as well as 5,159 ft2 of Cat A two storey offices.
The property was being marketed with a quoting rent of £312,600 per year equating to roughly £8.67 per ft2.
Naylors Gavin Black secured the letting for the Team Valley site.
(Image credit: darylscottwalker)
