North East industrial estates owner UK Land Estates says it will continue to acquire and speculatively develop in the region this year.
The Gateshead-based commercial property specialist, which operates estates now home to more than 600 businesses, says there are few signs of deterioration in the market and opportunity to attract top businesses to the region. In addition to its portfolio including three main estates at Team Valley, Tyne Tunnel and Teesside, the recently acquired firm has its sights on other locations across the region.
Speaking to BusinessLive, UK Land Estates managing director Keith Taylor said: "There's been a bit of a dislocation in the market because of rising interest rates and prices having got toppy and then having fallen away. There's an opportunity to buy at the moment.
