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County Durham Development Company today welcomed the start of work at Heighington Lane West.
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Owned by Durham County Council and Sedgefield Borough Council, the 104-acre site on the outskirts of Newton Aycliffe is one of the largest developments of its kind in the UK.
With planning approval now granted, developers Merchant Place have begun work on a business park of up to 1.4m sq ft - which could cost up to £100m.
The site benefits from good-quality infrastructure links and will offer occupiers access to the new Northern Gateway container terminal at Teesport.
Stewart Watkins, CDDC's managing director, said: "We're delighted that Merchant Place are proposing such a major development for this prestigious site.
"CDDC has worked closely with the County Council, Sedgefield Borough Council and the developers to help ensure that the tremendous potential of this site to attract first-class occupiers and significant numbers of new jobs will be realised."
Kevin Storey, a partner at Cushman & Wakefield, agents for Merchant Place, said: "There are few development sites of this size still available in the county and, with such good transport links, it seems to provide an excellent potential location for business premises."
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