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CITRUS SECURES £75M FUNDING FOR INTEGRA 61 DURHAM

Work Starts On Speculative Development Of Circa 650,000 Sq Ft in Five New Industrial Units Citrus Durham (“Citrus”) has secured £75M funding to enable the speculative development of circa 650,000 sq ft of new industrial space, to be known as Connect, at the Integra 61 mixed-use project at J61 of

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PLANNING APPROVED FOR DURHAM BUSINESS HUB

Approval Granted For New Speculative Industrial Scheme at Integra 61 Durham County Council has granted planning consent to Citrus Durham for the delivery of the next phase of employment accommodation at its £300m mixed-use Integra 61 development at J61 of the A1(M). The new business/industrial hub, Evolution@Integra61, will be delivered

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Latest Issue

BDC 318 : Jul 2024

citrus group

CITRUS SECURES £75M FUNDING FOR INTEGRA 61 DURHAM

Work Starts On Speculative Development Of Circa 650,000 Sq Ft in Five New Industrial Units Citrus Durham (“Citrus”) has secured £75M funding to enable the speculative development of circa 650,000 sq ft of new industrial space, to be known as Connect, at the Integra 61 mixed-use project at J61 of the A1(M), Durham.  Avison Young and Colliers acted for Citrus Durham on the funding. Connect will comprise a 342,000 sq ft industrial/logistics development of four high quality units ranging from 43,000 to 152,000 sq ft. In addition, a 298,000 sq ft stand-alone, 15 metre high bay industrial/warehouse unit will be delivered on an adjacent plot. Connect 298 will be the largest speculatively developed industrial/warehouse unit in the North East for over a decade and will fill a crucial void in the regional supply pipeline. Avison Young and CBRE will be marketing the new units to potential occupiers, helping to meet the demand for high quality new build industrial/warehouse accommodation in the region. GMI Construction has been appointed as contractor for the build and work has started on site with the Connect units ready for occupation in summer next year. The acute shortages of high-quality modern logistics/industrial supply in the North East have been analysed by the Citrus team and the units have been sized to satisfy the growing regional demand for units in this range. Integra 61 is one of the North East’s most significant regeneration projects with outline consent in place for over 3 million sq ft of employment space with the potential to create some 4,000 jobs.  Already home to Amazon’s 2m sq ft Fulfilment Centre, occupiers can choose design and build packages for units to meet their specific requirements, and this speculative phase of development will satisfy those companies looking for space that is already under construction. David Cullingford, Project Lead for Integra 61 and Citrus, said; “The funding will accelerate delivery of the next phase of development at Integra 61. 2022 is proving to be an exciting year with lots of activity on-site and we are looking forward to delivering these new speculative units as quickly as possible. We have a real opportunity here to make a significant contribution to the regional pipeline for industrial/logistics accommodation and to ease the well-documented shortages in the North East. This is a thriving region with a superb workforce and businesses and we hope to bring more jobs and opportunities with this next multi-million pound investment at Integra 61.” Located at J61 of the A1(M), Integra 61 is just 4 miles away from the City of Durham and will also include circa 270 new homes, 70-bed hotel, family pub/restaurant, nursery, drive-thrus and a number of trade counter/roadside units all adding to the diverse offering.

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PLANNING APPROVED FOR DURHAM BUSINESS HUB

Approval Granted For New Speculative Industrial Scheme at Integra 61 Durham County Council has granted planning consent to Citrus Durham for the delivery of the next phase of employment accommodation at its £300m mixed-use Integra 61 development at J61 of the A1(M). The new business/industrial hub, Evolution@Integra61, will be delivered speculatively by Citrus and will add up to a further 23 flexible units totalling 52,142 sq ft in sizes from 1,205 sq ft up to 6,480 sq ft at the Integra 61 development, which already includes Amazon’s new 2m sq ft Fulfilment Centre and has consent for over 3 million sq ft of employment space with the potential to create some 4,000 jobs. The new units at Evolution@Integra61, which will be available to purchase or lease, can be occupied individually or combined to meet larger requirements of up to 14,940 sq ft. With design and build packages available for units up to 600,000 sq ft in the wider Integra 61 scheme, the development can accommodate occupiers of all sizes making it inclusive for all businesses seeking new space in the North East. Integra 61 will also create circa 300 new homes, a 70-bed hotel, a family pub/restaurant, a nursery, car showrooms and a number of trade counter/retail units all adding to the diverse offering. Located at J61 of the A1(M) and fronting onto the newly upgraded A688 and Durham Services, Integra 61 is just 4 miles away from the City of Durham. Evolution@Integra61 has been designed to address the regional shortage of modern small units to satisfy strong demand from local and regional occupiers seeking high quality industrial/warehouse units in the centre of the County. Citrus Durham will be appointing a contractor to start work on site in the summer and agents, Avison Young and Colliers International, are already taking reservations in advance of practical completion of Evolution@Integra61 in Q4 2021.  David Cullingford, Project Lead for Integra 61 and Citrus Durham, said; “We are proud to be delivering such an inclusive scheme and to be able to offer a wide range of opportunities to businesses of all sizes. Research has demonstrated the critical lack of new build space in the North East and we are confident that this next phase of flexible business accommodation will not only support regional occupiers but also provide an influx of jobs to boost the local economy.” Danny Cramman, Director at Avison Young commented; “The scheme will unlock much-needed new supply for the region. With the industrial and logistics sector so busy, there continues to be an increasing need for these type of units and there has already been a huge amount of interest expressed by local and regional businesses seeking a rare opportunity to purchase premises of this size in such a prime location. Occupiers will also benefit from the wide range of on-site amenities being delivered as part of the wider scheme.”

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