Interflex, the market leader in speciality flexible packaging for the fresh food, packaged food, confectionary, pet product and industrial product markets, has taken a new 20-year lease on unit E1, West Quay Road, Sunderland Enterprise Park.
Interflex, which occupies the adjoining premises, is using the unit as a warehouse so as to free up manufacturing floorspace in its existing unit. Interflex has formed a link between the two properties to allow ease of movement of their product and this acquisition further cements the company’s future on the park.
Simon Haggie, partner, industrial agency at Knight Frank, who acted for the landlord, Airowsafe, says the building was one of the few modern units available on the west side of Sunderland, largely because of the influence which Nissan and its suppliers exercise on the local market. Although it was previously used by an engineering company, by virtue of its clear height (7m) it is equally suitable for warehousing and it also benefits from a large yard and a two-storey office block. The total floor area is 24,903 sq ft and the agreed rent reflects a rate of £3.80 per sq ft.
Haggie said: “We had a particularly good level of interest in this unit and there were two other companies actively in negotiation for it when Interflex decided to proceed. The presence of the other interested parties certainly assisted in negotiating the terms and in particular the length of lease.
“It was an ideal solution for Interflex as they occupy the adjoining property, but I only wish I had a few more similar size units to meet the current demand from occupiers.”