Next Phase Announced for Tyne View Retail Park

Advance Northumberland and Northumberland Estates have announced the next major milestone for the successful Tyne View Retail Park in Prudhoe, with the sale to leading investment and asset management company, FPG (UK) Ltd.

Developed through a strategic partnership between Advance Northumberland and Northumberland Estates, Tyne View Retail Park has transformed the former Wylam Colliery site, left derelict for over five decades into a thriving commercial hub. This landmark regeneration project has not only revitalised a long-dormant brownfield site but also delivered significant economic and social value to Prudhoe and surrounding communities.

Tyne View Retail Park continues to cement its position as the principal retail destination in Prudhoe and the wider region, thanks to a strong tenant mix, strategic location, and exciting plans for expansion.

Now under the ownership of FPG Prudhoe Limited, a subsidiary of specialist retail park operator FPG (UK) Ltd, the site is strategically positioned for significant growth in response to rising local demand.

Ideally located to serve Prudhoe and surrounding communities across the Tyne Valley, Tyne View Retail Park has become a key shopping and leisure hub for thousands of residents. The park benefits from high visibility, excellent transport links, and ample free parking, making it a convenient and attractive destination for everyday shopping. The development comprises 50,000 sq ft of high-quality retail space across a 7.4-acre site. It hosts a strong and diverse tenant mix, anchored by national retailers including Aldi, B&M, Greggs, McDonald’s and Osprey EV Chargers.

Due to the park’s ongoing success, the site includes land with outline planning consent for further 20,000 square feet of retail space for extension, which will welcome new retail and food outlets to further enhance the park’s offering. This expansion reflects national tenants desire to be here and strong local demand which signals continued investment in the area’s economic growth.

As part of the ongoing strategy to ensure the long-term success of the development, Advance Northumberland and Northumberland Estates accepted an offer from FPG (UK) Ltd to acquire the retail park. This transition will pave the way for continued investment and growth in the area. Northumberland Estates will retain the western plot for future development, reinforcing its commitment to Prudhoe and ensuring further opportunities for commercial and community growth.

Steven Harrison, CEO at Advance Northumberland said: “The sale marks the beginning of an exciting new chapter for Tyne View Retail Park, we are delighted that FPG (UK) Ltd will be taking the site forward, building on its current success and securing its future as a key retail destination for the County. This is a great example of what Advance Northumberland is here to do - drive positive change and create lasting value for Northumberland’s communities and economy.”

New owners FPG, a retail park specialist with a nationwide portfolio, is focused on identifying and developing high-potential retail and roadside opportunities across the UK. Their proactive approach to asset management and commitment to long-term value creation has positioned Tyne View Retail Park as a standout success in their growing portfolio.

Altaf Bharde, Director of FPG (UK) LTD added: “We are proud of the role Tyne View Retail Park plays in supporting the local economy and looking forward to providing high-quality retail experience for the community.

“The planned expansion will allow us to bring in more great brands and further strengthen the park’s position as a key regional shopping destination with a strong tenant base.”

This acquisition marks a significant step in the continued growth and sustainability of Tyne View Retail Park, ensuring it remains a cornerstone of the Prudhoe community for years to come and will continue to go from strength to strength.

Womble Bond Dickinson (UK) LLP and MHPI Limited represented Advance Northumberland and Northumberland Estates whilst Harold Benjamin Solicitors Limited and xprop LLP acted on behalf of FPG Prudhoe Limited.