UTS Engineering has taken a 20,000 sq ft warehouse and production facility on the Viking Business Park, Jarrow. The unit has been taken on a 10-year lease.
Mark Proudlock, partner, industrial agency at Knight Frank who represented UK Land Estates, the landlord, says the large unit was under offer within three weeks of being placed on the market.
“There is exceptional activity in the market place with Knight Frank having 650,000 sq ft of industrial space under offer in 14 separate deals,” says Proudlock. “The UTS letting is yet more evidence of much better sentiment in the industrial sector.”
UTS Engineering is a global specialist delivering pipeline solutions using innovative techniques that allow for under pressure drilling services to be performed on any pipeline without the need for a costly shut down.
“We are delighted to have such a quality company on the UKLE estate,” adds Proudlock.
Viking Business Park is a well-established estate providing a wide range of office and industrial accommodation in a high-quality setting over-looking the River Tyne. Situated west of Jarrow town centre it is only one mile from the A19 and the Tyne Tunnel.