Firm celebrates £100 million milestone

Sanderson Weatherall’s Industrial Agency is celebrating after hitting £100m in stock turnover on sites across the region. 

 

During the last three years, the firm’s Newcastle and Teesside offices have completed deals on buildings and land to the equivalent value as the current price tag placed on Newcastle United Football Club.

 

Director of Industrial Agency, James Pain, feels that the firm’s newly released figures are further evidence of the region’s solid industrial sector despite difficult trading conditions.

 

“We have worked extremely hard to build the department to where it is today and in the last three years we have really pushed to help our clients to meet their property needs,” he said.  “Our team has developed a fantastic reputation both locally and nationally and the figures are testament to this.”

 

The firm of leading chartered surveyors and property consultants provides clients with specialist advice on the sale, development, and funding of industrial property, acting on behalf of manufacturers, logistics operations and financial institutions.

Jonathan Simpson, Associate Director in its Teesside office, said: “Having joined Sanderson Weatherall three years ago, both James, myself and our colleagues have worked extremely hard over the past few years to build up our industrial agency presence in the North East. While some areas in commercial property are incredibly tough at present, interest and investment in the industrial and logistics sectors continues. Despite rents and capital values contracting we are still seeing a healthy turnover of space.

“We expect sale and letting volumes will continue at a steady pace for the rest of 2009 with a number of deals already appearing on the horizon.”