New Langley Baltic Park development completed
£5.7m industrial unit and warehousing development in East Gateshead has been completed.
The new business park sits in the shadows of Gateshead International Stadium and was the biggest project of its kind in the area for 11 years. Robertson North East constructed the five steel portal framed buildings on behalf of Langley Holdings, the developers of the six-acre site at Baltic Park on Saltmeadows Road.
The site comprises 11 new industrial units totalling 9000 square metres, with unit sizes ranging from 375 sq. ft. (221 sq. m) to 48,500 sq. ft. (4,506 sq. m).
GVA is the sole letting agents for the scheme and the units will be available to rent on full repairing and insuring leases from September 2018. For further information contact GVA on 0191 261 2361
GVA offers the country’s leading and most diverse real estate advisory service. With its in-depth understanding of the market, supported by a leading research capability, GVA advises private businesses and the public sector on the whole real estate lifecycle - including strategic advice such as debt and equity finance and re-structuring, to transactions, development and management of assets.
GVA has 12 offices in the UK, headquarters in London and 1,500 staff around the UK. The company generated £190m in revenue in the 2015 financial year, and an annualised operating profit of £23.5 million. GVA is part of Apleona GVA Real Estate Advisors.
With 2,800 employees and €61bn assets under management, Apleona GVA Real Estate Advisors forms one of the leading real estate service providers in Europe with offices and partners in more than 25 countries.
In the 2015 financial year, Apleona generated revenues of some €2.5 billion. Apleona is owned by financial investor EQT. For further information please visit www.gva.co.uk. GVA is the trading name of GVA Grimley Limited.
About Langley Holdings
Langley Holdings plc is a diverse, privately owned engineering and industrial group based in the UK. The group comprises 5 operating divisions, based principally in Germany, France and the United Kingdom, with a substantial presence in the United States and more than 80 subsidiaries worldwide.
The operating divisions produce equipment ranging from electrical systems for data centres and machinery for cement and steel plants, to food packaging lines, packed cement, automotive welding equipment, printing presses and construction.
The group was founded in 1975 by the current Chairman and sole shareholder, Tony Langley; the group had annual revenues of circa $1 billion and employs around 4,500 people worldwide.