| the north east
MIDDLESBOROUGH REGENERATION A
raft of major multi-million pound regeneration projects are underway
transforming Middlesbrough into a regional city centre. Business developments, leisure opportunities and new homes are all part of the work underway beneath the umbrella of Middlesbrough Council’s Investment Strategy to drive growth and prosperity. Over the next four years the Council is
committed to an injection of £74 million into a series of developments as part of the town’s far-reaching Investment Prospectus. The aim is that this confidence in
Middlesbrough’s growing stature as the city heart of the Tees Valley will act as a catalyst for the creation of 5,000 new jobs in the town, in tandem with more than £600 million of inward investment from the private sector and other parts of the public sector. Among the major projects in the
pipeline already are: • A £30m snow centre with the potential to create more than 350 jobs and deliver a venue of regional and national stature. Planning permission was recently approved.
• Five Grade A office blocks to the east of Centre Square, one of the biggest public spaces of its kind in the UK and already host to an international modern art gallery. The new development will
provide 200,000 sq ft of space and provide for 1,500 new jobs.
• Middlesbrough Town Hall is undergoing a near £8m refurbishment which will make it the premier concert space in the Tees Valley and includes new bars and cafes, meeting space and the restoration of its Victorian court room and cells.
• Centre North East, the tallest tower block in the north east, is being refurbished from disused office space into Turtle Bay restaurant, Soho nightclub, a micropub, gym, quality apartments and a sky bar on the top floor. The Council’s Investment Prospectus
also includes plans for Middlehaven, home to Middlesbrough Football Club and Middlesbrough College, one of which is for a new dock bridge which will open up further access to the land. Work will also see a new Police HQ, a
masterplan for new business park at Hemlington Grange, the development of Teesside Advanced Manufacturing Park, the revival of the Railway Station and historic quarter – and direct trains to London guaranteed from 2020. Finally, growth and prosperity through
housing will see 7,000 new homes by 2029 and Teesside Media Innovation Village will see a major restructure of Middlesbrough Town Centre.
BE PART OF THE HIVE
WELCOME TO FUSION HIVE A hub of innovation for ambitious technology companies.
There is a digital revolution in the Tees Valley and Fusion Hive is part of it. Located at the heart of Stockton’s Northshore, Fusion Hive is an impressive three-storey business and innovation centre built specifically as a hub for growing digital and technology companies.
FUSION HIVE OFFERS
> Competitive rent and payment arrangements > Easy in, easy out terms
> Business rate relief for technology based companies (up to £50k pa for qualifying businesses)
> High-performing ICT with 24-hour support > Access to Teesside University networks and support 70 COMMERCIAL PROPERTY MONTHLY 2017
www.fusionhive.co.uk
TEESDALE BUSINESS PARK
Business Park. The first-floor office accommodation comprises over 2,000 sq.ft. and has been let to GAC Services (UK) Ltd on a six-year deal. Buccleuch Property recently
B
completed an extensive refurbishment of Christine House in order to provide modern office accommodation with attractive lease terms. Two remaining suites, range in size from 1,099 – 4,265 sq.ft, are now being marketed by agents Dodds Brown and Connect Property North East (CPNE). Lucy Duff, Associate Director at
Buccleuch Property, said: “Christine House is a four-storey, high quality, modern office building that benefits from generous parking and excellent views across the River Tees. The recent renovation saw a high-quality refurbishment of the common parts and complete replacement of the roof.” Tim Carter of CPNE commented “It is
testament to Buccleuch’s commitment to Christine House that they have been prepared to invest in refurbishing this well-situated office building.” Dodds Brown and CPNE acted on behalf of Buccleuch Property.
uccleuch Property has secured a new letting at Christine House, Teesdale
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