The sale of land where AkzoNobel will build its new £100m UK paint making centre at Ashington has been completed. Onsite North East, a privatepublic partnership between Langtree and the Homes and Communities Agency, has completed the 25 acre deal at Ashwood Business Park.
Sanderson Weatherall LLP were joint agents with Colliers International. Building, due to start this year, should be finished by late 2014.
The plant will employ about 140 workers producing famous brands like Dulux.
Stephen Barnes, development director at Langtree, says: “Coupled with a deal to Bernicia we concluded last year, we have transacted over 30 acres of land on the park in 12 months.”
Bernicia, an affordable housing company, is using its site to house its workforce within a 40,000 sq ft offi ce development. Ashwood Business Park comprises 90 acres in all.
AkzoNobel is the giant Dutch multinational coatings fi rm that bought up much of ICI.
One North East transferred its development land portfolio into Onsite North East which manages, develops and invests in the sites to encourage new activity.