National brand set to expand regional presence with new Tyneside unit

A national self-storage firm has chosen Tyneside for the location of its newest warehouse facility.

Safestore, which has warehouses across the country, is set to launch its new facility at a 34,780 sq ft unit in Team Valley in Gateshead.

The brand purchased the unit for an undisclosed amount in a deal facilitated by local firm Naylors Gavin Black LLP.

Comprising a multi-access loading yard and a self-contained two-storey office with meeting rooms and reception area, the site has undergone a full refurbishment ahead of its acquisition by the national storage specialist.

Keith Stewart, partner at Naylors Gavin Black, which acted as joint agent on the sale alongside HTA Real Estate, commented: “Safestore is a well-established brand in the North East, with facilities in central Newcastle, North Tyneside and Sunderland, but this will be its first Gateshead branch.

“It’s an excellent location, surrounded by leisure, retail and office accommodation on one of the most prominent parts of the Team Valley.

“Although only initially offered on a rental basis, Safestore was keen to purchase such a prominent building in this target location. Several departments, including our industrial agency and property management teams, have worked together to secure a fantastic result on behalf of our client.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.