| the north east
MIDDLESBROUGH PROPERTY RENAISSANCE
By Stephen Brown, Senior Partner Dodds Brown
creating a halo effect which will spread across Teesside. For too long national occupiers have
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bypassed Middlesbrough, because it did not have the right type of modern properties to attract them. But that’s changing fast. The new restaurant destination on
Albert Road, 210,000 sq.ft of grade A offices planned for Centre Square, plans for a £30 million Snow Dome at Middlehaven, and Teesside Advanced Manufacturing Park will all provide top quality accommodation which national operators demand. On Albert Road,
Stephen Brown
Turtle Bay is open and Bistrot Pierre is launching in
September adjacent to the Holiday Inn Express opposite Centre Square, with up to 8,000 sq.ft still available in a number of
iddlesbrough is on the cusp of a major commercial property renaissance,
units. There is no grade A office space
currently available in the town, as other space has been converted for hotel or residential use, so the new grade A offices planned for Centre Square, are greatly needed. There is still some office space at Dundas House alongside Middlesbrough Council’s new LiveWell Centre and a new planned gym.
key business parks. We recently secured the largest lettings
at the Wilton Centre for the past 10 years, with more than 50,000 sq.ft being taken by Faraday Training Group and FUJIFILM Diosynth Biotechnologies. Science parks like the Wilton Centre offer a unique mix of office, laboratory and process development space which specialist manufacturers look for.
Despite all the public sector help on I’m convinced when we
look back we’ll regard 2017 as the start of Middlesbrough’s major property renaissance.
Outside Middlesbrough there has been
a historic lack of quality employment land, but this, too is changing with the work at Teesside Advanced Manufacturing Park, at the former SSI site and at developments at
TEESSIDE’S WILTON CENTRE
manufacturer of biologics-based medicines, has taken 15,000 sq.ft of space at The Wilton Centre near Redcar, on a new 10 year lease. This is one of the most significant
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lettings at the 75 acre science and business park in the past decade. It follows hard on the heels of Faraday Training Group taking 36,000 sq.ft at the Wilton Centre for a new training centre. Fujifilm Diosynth Biotechnologies is
expanding its development facilities, presently located in Billingham, by equipping two floors at the Wilton Centre. The firm has more than 25 years of experience in process development and manufacturing, employs 1,200 people worldwide and also has facilities in North Carolina and Texas in the United States. “This is great news for Fujifilm, the
Wilton Centre and the whole of Teesside, with the expansion of a world leading company in the region,” says Steve Duffield, Wilton Centre’s Site Director. “Fujifilm is exactly the sort of
occupier we want to attract to the Wilton Centre to make use of our unique combination of office, laboratory and
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ujifilm Diosynth Biotechnologies, a world leading developer and
process development space. The Centre’s owners Angelo Gordon and Trinity Investment Management, which acquired the business park in March 2016, are especially keen to see leading scientific research and development businesses at the Wilton Centre and at their other science and technology parks in the UK.” “Our expansion into Wilton has
allowed us to efficiently increase our development capabilities in the UK. Wilton offers us access to high quality laboratory space with great supporting infrastructure which are critical to effectively meet our customers’ needs." Middlesbrough-based letting agents
Dodds Brown acted for the Wilton Centre. Fujifilm Diosynth Biotechnologies was unrepresented. The Wilton Centre is a leading,
privately-owned science and business park located in the heart of Teesside between Redcar and Middlesbrough. It provides a wide range of top quality office, laboratory and pilot plant accommodation at competitive rental terms with immediate occupancy. The centre is set in a 75 acre landscaped site with its own lake and boasts 1600 free car parking spaces.
offer larger manufacturers can sometimes struggle to find suitable sites. We are advising a number on their search, as it’s not just a case of searching our extensive database of land and properties, but identifying and assembling potential sites which meet their complex needs. I’m convinced when we look back we’ll
regard 2017 as the start of Middlesbrough’s major property renaissance. Dodds Brown is letting agent for the
restaurant destination on Albert Road, the grade A offices in Centre Square, the Snow Dome at Middlehaven, Teesside Advanced Manufacturing Park, Dundas House and the Wilton Centre.
NEW WELLBEING CENTRE
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eesside independent commercial property consultants Dodds Brown LLP
has let more than 20,000 sq.ft of space in a Middlesbrough town centre office building and shopping centre for a landmark wellbeing centre. Middlesbrough Council is taking a five
year lease on 19,820 sq.ft of office accommodation on floors one to four inclusive at Dundas House, Dundas Street, Middlesbrough, TS1 1BA, and in unit 11, a retail unit in the associated Dundas Shopping Centre, to provide the new Live Well Centre which will offer services to empower people to make positive choices to improve their health and wellbeing. The £800,000 refurbishment will
provide a gym, studio, training kitchen, open IT facility, café area, group, craft, training and event rooms and office space. Richard Wilson, Senior Associate
Partner at Middlesbrough-based Dodds Brown, secured the deal on behalf of Dundas House and Shopping Centre landlord Contract Experts Limited. Office suites of up to 6,340 sq.ft remain
available at Dundas House, as well as retail units in the Dundas Indoor Market.
COMMERCIAL PROPERTY MONTHLY 2017
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