Newspaper article The Journal (Newcastle, England)

Caddick Wins the Race for Newburn

Newspaper article The Journal (Newcastle, England)

Caddick Wins the Race for Newburn

Article excerpt

Byline: By Nigel Stirling

A north property company has been selected for the pounds 26m second phase of development at Newburn Riverside Park.

The park's owner, regional development agency One NorthEast, ended months of speculation over the site's future this week by selecting Caddick Developments for the next phase of development.

The Wetherby-based developer will submit an application for detailed planning consent for 160,000 sq ft of industrial space and 50,000 sq ft of offices on the site of the former Stella North power station in March.

Director Myles Hartley said: "Already a well established location in the region, this next phase of the venture will raise the park's status even further as a premier commercial location."

One NorthEast, and its property advisor GVA Lamb & Edge, originally called for expressions of interest for the 12.4-acre second phase in October 2004 and shortlisted 10 developers for the site in January last year.

Fears the plot of land had become entangled in the Article 14 controversy blighting many of the North-East's developments were raised in April last year when a source close to the process said future development on the site had been "suspended indefinitely".

Last September Phil Calvert, senior property specialist at One NorthEast, said depending on the outcome of talks with the Highways Agency, more might need to be spent to allay concerns about the pressure created by future phases of development at the 250-acre park on the nearby A1.

He said: "A site of that size would normally need additional infrastructure work as it is developed out. But there is the potential that we would need to do more work as a result of the [traffic assessment] work we have commissioned."

The development ( understood to be the largest land reclamation project in Europe at the time it was carried out ( has already run up a pounds 46m infrastructure bill on the site.

One NorthEast property specialist Andrew Creighton this week said the park's third traffic impact assessment since the original application for outline planning consent in 1996 was due in the next couple of months. …

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