A North West-based utilities company, Aptus Utilities, has chosen Follingsby Park in Gateshead as its new North East base as part of its expansion programme.
Aptus Utilities, is an Independent Connections Provider (ICP), which has headquarters in Bolton, Manchester, has committed to a 10 year lease on a 7,112 sq ft newly refurbished unit on the estate.
The firm, which is listed in the top 3 Greater Manchester’s fastest growing companies of 2016 and employs in excess of 150 people, offers utility connection services throughout the UK. The company says the new depot will support its expanding operations in and around Northumberland and Tyne & Wear.
Lisa Kerford, Operations Director says “The unit is perfectly placed for Aptus Utilities to serve its new customer base in the North East and is large enough to manage our forecasted growth over the next 5 years. It is expected we will be recruiting direct resources from the North East region within the next 6 to 12 months to deliver the service to our new customers”
Newcastle-based HTA Real Estate secured the letting to Aptus Utilities for Legal & General Investment Management Real Assets, on behalf of its UK Property Fund. Nick Atkinson, director at HTA Real Estate said: “Aptus Utilities is a rapidly growing business and we are delighted to have been able to assist the firm with its expansion into the North East region. Their new lease commenced immediately upon completion of the refurbishment works to enable them to move straight in. The firm was attracted to Follingsby Park due to the good quality stock on offer, with the benefit of a large service yard a central location with excellent Motorway access.”
Follingsby Park comprises over 1.1m sq ft of industrial floorspace and attracted six new occupiers last year including DFS, Transvalair, Ashtead plc and Shred-It, with lettings amounting to 88,700sqft.