One North East has transferred its impressive development land portfolio into the new Company Onsite North East, which is now tasked with managing and investing in the sites, accelerating their development and encouraging new property activity in the region.

The portfolio comprises 23 sites totalling in excess of 1,000 acres, ranging in size from 1 to 130 acres. The sites are spread throughout the region from Berwick upon Tweed in the north through to Redcar in the South.  Key strategic sites such as Newburn Riverside and East Quayside, both in Newcastle, Ashwood Business Park in Ashington, Meadowfield in Durham and Queens Meadow in Hartlepool offer exciting potential for new investment.

While the focus of the portfolio is weighted towards workspace, warehousing and offices, there are a number of sites that have the potential for leisure, retail and residential uses.

Onsite North East, whose office is based in Glover Networkcentre in Washington, will work with a wide range of partners including owner occupier businesses, property developers, agents and public sector bodies in ensuring sites are brought forward, new activity encouraged and jobs created.

The primary focus of the partnership will be the development of the 23 sites transferred, using Langtree’s expertise to accelerate development.