| the north east
OPERATIONS IN DURHAM SHOW STRONGER GROWTH B
radley Hall’s commercial operations in Durham have gone from strength to
strength since its presence in the county began in 1996. Due to high demand the company launched its Durham office in 2010. Peter Bartley, group director at Bradley Hall, discusses its success. “Durham is one of the key North East areas which is experiencing a lot of interest
LINGFIELD POINT’S
in its commercial property investment opportunities. Our Durham office is busier than ever and we are seeing properties and opportunities snapped up quickly. “A recent project saw us appointed to
market a range of units in St Cuthberts Walk, a popular shopping centre in Chester Le Street. Tenants will now join retailers including Morrisons, Iceland and Boots within the outdoor shopping centre. There has been particular interest from cafes and restaurant operators who wish to utilise the high footfall of shoppers in the area. “Recent deals also reflect the growth in
the popularity of Durham as a place to locate an office or business. We recently let an office in the centre of Barnard Castle to a local newspaper, and many other opportunities are now available for operators to create a base in one of the regions most up and coming areas for a range of industries. “The county is also fast becoming a
Joe Ianson and Peter Bartley at Kwik Fit
thriving location for technology, engineering and manufacturing, which makes up 20% of the area’s economy. We have been appointed to market a number of industrial units which are ideal for businesses operating in these sectors.”
PARTNER’S PRESENCE GROWS WITH THE ACORNS
Construction has launched a stylish new housing development in Spennymoor, County Durham. The Acorns is a 70-
N
plot development of family homes, with nine house types ranging from two to four bedrooms. Interest in the
properties has been very high since launch in February, with 18 homes sold and reserved in just three months. The second phase of housing was released in June, ready to be snapped up by eager house-hunters. Partner is delivering the project in a
joint partnership under the name Maple Oak Homes. Leigh Cresswell, from Partner
Construction, said: “We always wanted to build popular, quality family homes, so it’s extremely rewarding to see that vision come to fruition. “You really can see the difference in
quality and layout – for example the simple 66
storage solutions every home really needs. “Our first homeowners are now fully
settled and we’re starting to see a lovely community taking shape.” The first couple to move in, John
Simpson and Karen Veitch, were so impressed that they bought their house off-plan. Karen said: “We saw the floorplans and
illustrations of the house and, looking at the location too, we just knew it was right.” For more information about Partner
Construction visit
www.partnerconstruction.co.uk
orth East-based Partner
customers and seen its existing on-site businesses expand. Lingfield Point has secured six new
MOVERS AND GROWERS D
arlington’s business park with soul has welcomed a series of new
customers already in 2017, and four of its existing customers have expanded their office space. New arrivals range from the 58-strong
Growing Healthy team, part of Harrogate and District NHS Foundation Trust, which took a 6,000 sq.ft office space – to a marketing agency of three and its first 190 sq.ft office. Existing customers at the park have
seen strong results and many have expanded on-site. Paraplanning company Para-Sols and
care service Home Instead Senior Care both doubled their offices due to rising demand. Capita’s Employee Benefits office
also signed a long-term lease, deciding to stay in its flagship regional HQ until 2025. The site’s top-notch facilities include
24-hour security, on-site concierge, superfast broadband connectivity and a café bistro by Alexander MacMurray. Eddie Humphries, estate manager at
Lingfield Point, said: “It’s been great to welcome our many new customers recently, and it’s also very inspiring to see home-grown companies go from strength to strength. “We put a lot of care and attention
into ensuring our customers get exactly what they need, as well as providing first- class facilities – I think that’s why they join and stay with us.” For more information visit
www.lingfieldpoint.co.uk
MIDDLESBROUGH A
town centre serviced office development in Middlesbrough has been
put on the market with a £3m asking price. Cleveland Business Centre, which last
year underwent a £1m refurbishment and is in an area close to Teesside Combined Court Centre earmarked for a £68m regeneration initiative by Middlesbrough Council, has seen an influx of new tenants over the past 12 months and is now almost fully let, with just two of its 34 units now vacant. On the market with Eddisons, the
business centre’s £2.95m price tag reflects a yield of 11 per cent on a ‘triple net’ annual rental income of £336,000. The centre covers 31,700 sq.ft over three floors and is home to a roll call of professional firms, including lawyers, barristers’ chambers and specialist recruitment companies.
COMMERCIAL PROPERTY MONTHLY 2017
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