Tuesday, December 5, 2023

ADG seals multiple deals across north of England

Yorkshire-based Almscliffe-Dhesi Group (ADG) has sealed a range of retail deals across its developments in the north of England.

ADG has signed up a number of high-profile national occupiers at its retail/roadside developments in Sunderland, Scunthorpe, Peterlee and Stanley.

Neil Creeney, who owns and runs ADG with his business partner Bal Singh, said: “This has been a tremendously busy and productive year for us, despite the challenging economic conditions, high interest rates and the fluctuating commercial property market.

“We have made significant progress at all our sites, underlining our growing reputation as one of the most active retail/roadside developers in the north of England.”

Work has now started on site at Scunthorpe, where ADG’s new 7,300 sq ft roadside scheme includes a Starbucks Drive Thru’, a Central England Co-op, The Tanning Shop, together with EV charging points, at the Queensway and Kinsgway roundabout opposite Central Park. The development will be completed by spring next year and has been sold to a private investor.

At the same time, ADG is transforming the old Farringdon Hall Police Station site and surrounding land off Durham Road in Sunderland in a new £10m development. ADG’s plans to create a brand-new 32,100 sq ft retail park have been approved and occupiers already signed up include B&M, Homestore, Costa Drive Thru’, Westway Vets, Greggs and The Tanning Shop, with eight EV chargers on site.

Work will start on site in January next year, with financial backing from FW Capital, and is scheduled to be completed by the end of the year.

Meanwhile plans have been approved by Durham County Council for a brand-new retail-led neighbourhood centre on the outskirts of Peterlee. The development will re-use the former car dealership unit on site and provide new build units to further compliment the scheme.

High-profile tenants already signed up for the 13,000 sq ft development include national retailers Sainsbury’s, Tanning Shop, Cooplands, and Dominos, together with EV charging points. One unit is still available.

Work is planned to start on site later this year, with completion scheduled for the middle of 2024. It is estimated that 100 jobs will be created by this development, providing a timely boost to the local economy.

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