Newspaper article The Journal (Newcastle, England)

Site Plan Unveiled Which Could Create 1,300 Jobs

Newspaper article The Journal (Newcastle, England)

Site Plan Unveiled Which Could Create 1,300 Jobs

Article excerpt


PLANS for a major new manufacturing and commercial site next to Sunderland's Nissan factory which could create more than 1,300 new jobs have been unveiled.

The Wear Point 55 development has the potential to deliver more than 1msqft of manufacturing space and 100,000sqft for commercial use, while also representing an inward investment of more than PS70m.

Property developers Town End Farm Partnership (TEFP) are driving the scheme forward, having submitted a mixed use planning application to Sunderland City Council - and the partnership has already had interest from retailers looking to move in.

The hybrid application, which included both a detailed and outline proposal, will see the site developed on land owned by the partnership to the north of Nissan, adjacent to the A19 on a 22-hectare site.

The detailed application includes the delivery of two new factories for two Tier 1 suppliers to Nissan, accounting for 800,000sqft of the detailed development, and the outline application covers the remainder of the site which will form a commercial hub, including retail and leisure. TEFP, which is run by the same directors operating Seaham-based wholesalers Kans and Kandy, said expressions of interest in leasehold arrangements in the commercial hub part of the scheme have already been received from national and regional retailers.

If planning is approved, it is estimated around 1,348 jobs would be created in the NE Local Enterprise Partnership area, more than a third of which would be in Sunderland, and include significant inward investment of PS70m to the local and regional economies.

As well as acquiring the Sunderland plot for development, the team - Peter Razaq, Ian Marley and Jed Iqbal - are also currently working on several new development opportunities across the country through Kans and Kandy's property division.

Mr Razaq said: "We are extremely proud of our investment in the North East. …

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