Naylors conclude South Tyneside letting to laser specialists
Commercial property specialist Naylors has completed the letting of a 22,000 sq.ft industrial facility at Boldon Business Park to laser machine specialists, Trotec UK.
The signing of a new 10-year lease on 9 Didcot Way will see the relocation of Trotec UK’s head office and North East showroom from its former home at Faraday Close in Washington.
Established in 1997, Trotec has become a world leader in the field of laser technology and laser manufacturing, serving customers in more than 90 countries with more than 500 employees worldwide.
It’s UK division currently employs 40 staff, with almost two thirds of the workforce based in the North East and the firm expects this to increase further.
The move to Boldon will enable Trotec UK to accommodate its growing team, improve warehousing capabilities and build a state-of-the-art laser showroom to improve its customer experience.
Martin Horne, managing director of Trotec said: “We are very excited to be making the move over to Didcot Way. The new building has the street appeal we have been looking for and offers a location for our UK headquarters which matches with Trotec’s brand values and vision for growth.
“A larger warehouse and increased office space will enable us to extend our products and services to better meet our customer needs, in turn creating jobs within the North East and the rest of the UK.”
Chris Donabie, director at Naylors who brokered the letting added: “There have been a number of comparable industrial units coming to the market in Tyne and Wear over the last 18 months, but very few have the high ratio of office content that this unit offers.
“In normal circumstances, a company like Trotec, which needs a high proportion of offices, would need to invest considerable funds in adding the necessary facilities. This was undoubtedly an important factor, but also the strategic location of Didcot Way within a 2-minute drive time of the A19, meant it was a perfect fit for Trotec”.
Naylors has also recently been instructed to market a further unit at Didcot Way, which the firm reports as being under offer.