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£80m Industrial Development for Sunderland | BUILDING MAGAZINE

£80m Industrial Development for Sunderland

An £80m industrial development in the Sunderland area is being developed by Legal & General in Washington.

GMI Construction are appointed as the main contractor for the project, which is to be called Hillthorn Business Park. There are plans to have the first seven buildings completed by November and GMI Construction are planning for three more buildings.

The development is funded, procured and delivered by Legal & Generals’s Industrial Property Investment Fund. Situated near to the Nissan car plant the 620,000 sq ft of industrial and manufacturing space is part of a two-phased plan.

Designed to complement the nearby International Advanced Manufacturing Park and Turbine Business Park, Hillthorn Business Park is an allocated employment site, which means it has been designated for development for some time. The proposal’s from Legal & General’s Industrial Property Investment Funds will increase the transformation of the Washington site which has already been appointed with Enterprise Partnership status and established by the Government and the North East local Enterprise Partnership in 2012 as key locations for the new economic development.

The Enterprise Zone status brought funding from central government, the North East LEP and the European Regional Development Fund in infrastructure and enabling works.

“Sunderland is experiencing rapid transformation, and we are extremely pleased to be playing a part in accelerating that and through investments such as this that will deliver more and better jobs for the area” said head of asset management for Legal & General Investment Management Real Assets, Paul Edwards.