Tuesday 25th Oct 2016 - Logistics Manager

Gateshead for packager

Food packaging manufacturer Scholle Europe has taken REIT Asset Management’s 40,517 sq ft warehouse at the Follingsby Park warehousing development in Gateshead.

The building has been taken on a ten-year lease with a five-year break, at a rent equivalent to £209,230 per year. The company is relocating to a new unit at Follingsby Park from a 1930s factory on Team Valley. The new high-tech facilities will improve efficiency and safeguard 61 jobs in Gateshead.

Acquired by REIT Asset Management in August 2007, Follingsby Park is a 110-acre industrial and distribution park with over 1,000,000 sq ft currently developed. There remains another 200,000 sq ft immediately available with units from 5,500 sq ft to 60,000 sq ft.