Citrus Durham has secured £75m to proceed with its industrial scheme, known as Connect, at Junction 61 of the A1(M) in Durham.
The speculative development, which is being built as part of the Integra 61 project, will deliver 650,000 sq ft of industrial space. It will comprise a 342,000 sq ft industrial and logistics development of four units ranging from 43,000 to 152,000 sq ft. In addition, a 298,000 sq ft 15m-high bay warehouse will be delivered on an adjacent plot.
It is expected to be ready by next summer.
Avison Young and CBRE were appointed to market the development; GMI Construction has been appointed as contractor for the build.
David Cullingford, project lead for Integra 61 and Citrus, said: “We have a real opportunity here to make a contribution to the regional pipeline for industrial and logistics accommodation and to ease the well-documented shortages in the North East.”
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