REIT Asset Management secures Gateshead lettings
News
by
Alana Juman Blincoe
REIT Asset Management has secured two further lettings at its 1m sq ft Follingsby Park industrial development in Gateshead.
DHL has signed a 10-year lease for 21,341sq ft at £4.75 per sq ft, whilst Drake & Farrel, a subsidiary of Dutch packaging firm Marupak, has taken a six-year lease on 12,131sq ft at £5 per sq ft.
A deal for a further 40,000 sq ft with a food manufacturer is expected imminently.
The 110-acre Follingsby Park was bought by REIT Asset Management in August 2007.
alana.blincoe@rbi.co.uk
REIT Asset Management has secured two further lettings at its 1m sq ft Follingsby Park industrial development in Gateshead.
DHL has signed a 10-year lease for 21,341sq ft at £4.75 per sq ft, whilst Drake & Farrel, a subsidiary of Dutch packaging firm Marupak, has taken a six-year lease on 12,131sq ft at £5 per sq ft.
A deal for a further 40,000 sq ft with a food manufacturer is expected imminently.
The 110-acre Follingsby Park was bought by REIT Asset Management in August 2007.
alana.blincoe@rbi.co.uk
