Gladman Developments has started work on a £28 million, 525,000 sq ft speculative industrial and distribution scheme at Drum Industrial Estate in Chester-le-Street, County Durham.
The new development, being built on 26 acres of land, is expected to help create up to 540 new jobs. Gladman is constructing three units under its G-Space industrial brand – G-Space 265 (265,000 sq ft) G-Space 175 (175,000 sq ft) and G-Space 85 (85,000 sq ft), all of which include office space and are available for sale or lease.
The new units will have 15m eaves height, multi dock levellers, level entry doors and bespoke floors constructed to occupiers’ requirements up to 65kn/m. They are expected to be ready for occupier fit out in Summer 2007.
Joint agents are DTZ Debenham Tie Leung and King Sturge.
l In a new venture Gladman Developments has secured a 12.11-acre site for a speculative 200,000 sq ft distribution development on the A14 at Saxham, near Bury St Edmunds in its first foray into East Anglia.
The new development is expected to create up to 200 new jobs. Strutt & Parker and Barker Storey Matthews are joint letting agents.