Merchant Park development set to deliver over 1,000 jobs
The scheme on Millennium Way at Aycliffe Business Park will create 52,500 square feet of new commercial space and 198 jobs.
Merchant Park has celebrated reaching the ‘topping out’ stage on phase one of its Newton Aycliffe development.
The scheme on Millennium Way at Aycliffe Business Park will create 52,500 square feet of new commercial space and 198 jobs.
Completion of phase one is expected in September 2025.
Work on infrastructure for phases two and three is already underway, with plans for 89,000 square feet and 126,500 square feet of space.
The full project aims to deliver a total of 1,014 jobs once finished.
The milestone was marked with a ceremony attended by Merchant Park, FW Capital and Hall Construction.
FW Capital invested in phase one using a senior debt package from the North East Commercial Property Investment Fund, managed by FW Capital and backed by the North East Combined Authority.
The North East CA has also offered support to help with infrastructure costs for phases two and three.
Related
Allison Homes donates to Leicestershire LGBTQ+ Centre for fourth consecutive year
Stonebridge Mortgage Network adviser recruitment service saved members £498,000
Alpha Living backs construction training at Wirral development
Barratt Homes site manager wins NHBC Pride in the Job award
FMB Scotland calls for clearer pathways into construction careers
Construction training fails to meet retrofit workforce needs, report reveals
Workplace Charging Scheme grants peaked in 2022 – Dawsongroup Vans
SCALE to launch Manchester event for North West scaleups
Ofsted report recognises Logistics UK apprenticeship provision
Pallet-Track raises £21,000 for Midlands Air Ambulance Charity
IMI warns apprenticeship reforms could put automotive safety at risk
