Newcastle International Airport has appointed a developer and secured a tenant for the first phase of its Airport Business Park project.
Tynexe, a joint venture company between Newcastle City Council and Dysart Developments (North East) Ltd, has 25 years of experience in regeneration and development in the region and has been appointed as the developer for the project.
Meanwhile, housing developer Bellway plc has committed its future to the North East by confirming it will build a new UK Head Office at the Airport Business Park.
The airport development will provide 175,000 sq ft of premium office development in a parkland setting at the south side of the airport, and will be served by excellent transport links.
Once the site is fully operational, businesses there are expected to employ about 2,000 people.
“Newcastle International is one of the jewels in the North East’s crown, voted Best UK Airport in 2017,” said Newcastle City Council’s Cabinet Member for Employment, Cllr Ged Bell, who is a member of the Tynexe Board. “It’s a major generator of employment as well as linking passengers and businesses with major conurbations around the world. There is huge economic potential in the land near to the airport because of its outstanding transport links. It’s vitally important that these developments are built to a high specification which is why I am delighted that Tynexe, with its track record of developing business parks, have been chosen for this flagship development. It’s great news that a major housebuilder such as Bellway want to build their national headquarters at the business park. It will undoubtedly help attract other big name companies which will generate new employment opportunities for local people. As with all development it will be subjected to the usual planning process. I look forward to the new announcements on this exciting project.”
“The Airport Business Park is the ideal location for Bellway’s UK Head Office,” said Jason Honeyman, Chief Executive, Bellway. “Its proximity to the airport, A1 and Central Station will enable us to stay connected with Bellway’s 22 divisions across England, Scotland and Wales. We are thrilled to be the first tenants at the new business park, which will support the wider North East economy. Our facilities will benefit staff based at Head Office, as well as those working in our divisional offices around the UK.”
The first phase of this development is expected to be complete by early 2020.