11m headquarters for Cramlington's PII Pipeline Solutions follows investment New London investment fund LXi REIT will fund construction of the new HQ and act as landlord for the business 17:33, 14 MAR 2017How the coach outlet handbags zalora new PII headquarters will look in Cramlington Get business updates directly to your inbox+ SubscribeThank you for subscribing! Could not subscribe, try again laterInvalid Email A Cramlington oil and gas specialist will soon be on the move into new headquarters after investors ploughed into plans for a brand new facility.
PII Pipeline Solutions, part of the GE Oil Gas group, currently works from a series of buildings on the North Nelson Industrial Estate in Cramlington, where it specialises in generating pipeline inspection data for clients. Now the business, which has more than 650 people across 11 international sites including around 200 in Cramlington, is set to expand into a new building after investment fund LXi REIT announced it is forging ahead with plans to build a new manufacturing and office base, which it has pre let to the North East company. The plans have already been given full approval by Northumberland County Council and construction is set to get under way later this year. Investment trust LXi REIT, which focuses on properties coach outlet atlanta dental with long leases in a bid to give investors with long term returns similar to that of bonds, floated on the London Stock exchange at the end of January with the intention to raise Now it is investing funds it has raised into a series of developments across the UK, including the forward funding of a new facility for GE Oil Gas group's operations in Cramlington. North East has become UK capital of insecure work, new study says The property, to be purpose built for the tenant to a high specification as its new headquarters office and industrial facility, will comprise of a 74,110 sq ft two storey office and double height industrial space with associated car parking, service yards and landscaping. Birmingham architects Webb Gray submitted design plans ahead of its approval, detailing work on a 16 acre site. The plans said: "GE Pipelines currently occupy a series of buildings on the site which are now at the end of their useful life. This includes a large single storey office building and some warehouse buildings and workshops. "The proposal is for the initial demolition of an existing warehouse building and the construction of a new state of the art manufacturing/repair and refurbishment centre including new two storey offices and amenity facilities. "Once complete GE will transfer coach outlet atlanta imdb all staff and workshops into the new facility and the remaining office building will be demolished to provide a redevelopment opportunity. "The business park coach outlet atlanta olympics is an established employment site and forms an important part of the city council balanced portfolio of employment land and is one of the key locations available for general business development." Full planning consent has been granted, the tenant pre let has exchanged and the company is acquiring the land and forward funding on a fixed price basis. Northumberland Coty factory to close with the loss of 400 jobs The company, a GE Oil Gas and Al Shaheen joint venture, said it has been reviewing options of upgrading its Cramlington facility and that REIT became involved over the last year as the options were firmed up.
A spokesman said: "The PII Pipeline Solutions business is building a new office and workshop facility on the existing Cramlington site, which will provide an enhanced and more sustainable working facility to better suit business needs. "There is no change to core business activities during this period and the timeframe for completion and full transition to the new facility is the second quarter of 2018.".
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