Contact the Capital Investment team for more details about this opportunity

Opportunity Forrest Park

Forest Park provides an opportunity to participate in a serviced commercial and industrial development over 48 hectares (119 acres) located just off the A1M.

The well-situated site will extend Aycliffe Business Park at Newton Aycliffe to become the largest Business Park in the North East of England.

The promoter of this project, Forrest Park (Newton Aycliffe) Limited, is a joint venture between Durham County Council and The Forrest family. Investment of around 140 million GBP is sought which could take the form of project funding, forward funding or equity.

Contact the Capital Investment team for more details about this opportunity.

Aerial view of Forrest Park development area
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Location

Newton Aycliffe, County Durham

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Project promoter

Forrest Park (Newton Aycliffe) Limited

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Scale

£180+ million GDV

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Sector

Logistics, Advanced manufacturing

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Investment type

Development funder or similar

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Planning status

Outline planning approved

Map of Transport link to forrest park

Project background

Forrest Park enhances the key strategic investment corridor of the A1(M) motorway A167 road for greater regional significance as an employment hub, by the continuing build-out of Aycliffe Business Park (the largest employment area in County Durham), with over 250 businesses, focusing primarily on manufacturing and engineering.

The project consists of B1, B2 and B8 employment space, with ancillary roadside services. The development has the potential to deliver over 3,200 jobs.

Phase 1 of the project delivered key site infrastructure such as services and access. Works were funded by the North East Local Enterprise Partnership via the Local Growth Fund and are now complete.

The site is development ready with planning secured. The location for the development is well suited to this type of project given its close proximity to major motorway networks. This is reflected by the major employers already resident at Aycliffe Business Park, including Gestamp Tallent Automotive, Husqvarna, Ebac, Permoid, Lucite, Lidl and Stiller. Hitachi Rail Europe has also relocated its train manufacturing facility to the adjacent Merchant Park site.

The site also has the potential to accommodate a new multimodal rail freight terminal, which would be the first in the North East, given that Forrest Park sits alongside the Tees Valley Branch Line, which connects to the East Coast Main Line 6 km north of Darlington and could therefore be considered a uniquely rail connected site within the North East.

About the project

This opportunity is well suited to an investor looking for a high-specification industrial and logistics proposition. The North East of England is where many global businesses have chosen to base their UK operations including Nissan Automotive and Hitachi Rail both of which are a short drive from this site.

The land is in single ownership and fully assembled with approximately 158,000 square metres (1.7 million square feet) of new units to be delivered and could be completed in one single or multiple phases given the significant investment and enabling works already undertaken on site to date.

Key points are as follows:

  • 48 hectares (119 acres) fully assembled site in single land ownership with planning.
  • Approximately 144,000 square metres (1.55 million square feet) of prime B1, B2 and B8 industrial space
  • 60 bedroom business hotel.
  • 16,000 square metres (172,000 square feet) of commercial space.
  • Bespoke 23 megawatt power supply into the site.

Promoters and partnerships

The project promoter for this site is a joint venture between Durham Council and The Forrest Family. Richardson Barberry have been appointed to deliver the project and bring with them a credible design and build team who have a strong track record of delivering similar size projects.

Durham Council are the local authority who are responsible for the planning within this area and is within the North East Local Enterprise Partnership, and the project is also located within The Northern Powerhouse.

Read more about Forrest Park

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