Opus Land has started work on the refurbishment of the 360,000 sq ft former MFI factory site on Teesside.
The complex, situated in the heart of Stockton’s Preston Farm Industrial Estate, will have units ranging from 13,900 sq ft to 77,800 sq ft. It is expected to be ready for occupation in October.
Opus Land bought the 16.5-acre site adjacent to the A66 in September last year after MFI announced that it was to close its Stockton factory.
Andrew Duncan of Opus Land said: “We are spending £2.3 million on Opus Park, creating 11 high-spec, high-quality units for lease or sale – individually or in multiples to suite occupiers – as well as re-cladding and generally refurbishing the site.”
“Already,” Duncan said: “We are in discussions with a number of potential occupiers ranging from 10,000 to 15,000 sq ft right up to 150,000 sq ft.”
Letting agents are Sanderson Weatherall and Knight Frank.
Opus Land is also turning the old 450,000 sq ft MFI store at Scunthorpe into a massive, state-of-the-art single distribution unit called Opus Maximus.
It will be available for sale or lease.