Parcel delivery specialist Interlink Express is set to create a raft of new jobs after expanding into a bigger warehouse facility in Gateshead.
Local Interlink Express franchisees Glen and Steve Watson have acquired a premium warehouse facility in Gateshead to keep up with the increase in business.
Earlier this year, after a period of rapid growth at their Interlink Express operation in Stockton, the brothers took the step of expanding further north after buying their second Interlink Express franchise depot at Drum Industrial Estate, Gateshead.
They were helped in their plans by a funding deal of £240,000 from Barclays and other financial resources of almost £100,000, having been based at Teesside Industrial Estate for more than 16 years, taking over the business which was previously run by their parents.
The pair employs more than 40 staff across the two depots, but new jobs will be created as part of the expansion, although figures have not been confirmed.
Within six months, however, the second facility is already bursting at the seams, prompting the duo to expand into Aquarius, a 17,897sqft warehouse in Team Valley Trading Estate, Gateshead, after securing a ten year lease on the premises.
Glen Watson said: “We recently took on the Gateshead franchise of Interlink Express but found that the existing depot was simply too small to cope with the volume of business and there was no capacity to expand the operation.
“This new facility on Team Valley provides almost twice the floor space and is easily accessible both for deliveries and customers collecting parcels. It will greatly enhance Interlink’s presence in the region.”
Shirley Simpson, a senior lettings surveyor at UK Land Estates, said: “This letting illustrates how popular Team Valley as a location remains and Aquarius was the last large unit we had available on the estate.
“We are bringing forward major new industrial schemes on Team Valley at both Kingsway North, the former Huwood’s site, and Dukesway Central and this letting is a clear endorsement of our company’s drive to provide further new space.”
Simon Haggie, partner of joint letting agents Knight Frank, added: “Both our joint agents Naylors and ourselves have received considerable interest in this unit but it seemed to be the perfect fit for Interlink Express, combining the advantages of an attractive prominent building with a dedicated secure yard, an essential requirement for a transport business of this nature.
“We are now down to the bare bones in terms of modern stock of this size in the Tyneside conurbation and desperate for new development to come forward.”
Meanwhile, in a spate of recent lettings Knight Frank has let three units at UK Land Estates’ Blaydon Trade Park to Your Home Improvements (NE), CR Services and Norland Wools while UKLE completed a letting to Pringle Contracts.
Mark Proudlock, partner, industrial agency, Knight Frank added “This has been a remarkable demonstration of improving sentiment in the sector.
“Trade parks are a vital part of the industrial sector and vitality here is a positive sign that industrial property is increasingly in ‘good heart’.
Also in Blaydon, UK Land Estates has let the 4,572sqft unit 1 at Dutton Court, Chainbridge Road, to Contract Fencing and joint agents, DTZ, confirm strong interest in Unit 2, which is 6,041sqft.