| the north east
BE PART OF THE HIVE - STOCKTON’S HIGH- TECH DIGITAL AND TECHNOLOGY CENTRE T
he prestigious Fusion Hive is an impressive three-storey business and innovation centre located in the heart of Stockton’s Northshore in which a growing community of digital and tech companies has been thriving since the centre opened in September 2015. From an initial 12 businesses in the centre, as of May 2018, there are now 37 companies in occupancy ranging from growing solo ventures to established SMEs with up to 16 employees.
The centre itself is a three storey, 36,000 sq.ft facility that offers flexible individual working spaces, four meeting rooms capable of comfortably
accommodating up to ten people each, and
two large seminar rooms that are ideal for training and development. The contemporary centre can accommodate events for up to 40 people and is available to hire for businesses as well as Fusion Hive tenants. Catering services and audio/visual equipment can also be arranged to meet the needs of any business. Facilities include a receptionist 9 – 5pm Monday to Friday, high performing ICT with 24-hour support, security, a shared kitchen, showers, vending facilities, and car parking. The design of Fusion Hive and the high quality facilities it offers are ideal for fledgling enterprises, and the collaborative areas give likeminded companies the opportunity to interact, network, and work together. Fusion Hive is managed by Teesside University and provides unrivalled access to expert business support services and tenants benefit from the university’s established business network, offering opportunities for companies to grow and develop. Teesside University supports Fusion Hive tenants by providing innovation, graduate, and training resources and organising events, relevant
MIDDLESBROUGH OVERVIEW
will start to become a reality in the next 12 months, according to Stephen Brown, Senior Partner at Dodds Brown, the town’s most experienced commercial property agent. The next few months will see the completion of the new
T
restaurant and leisure
Stephen Brown
destination on Albert Road and Centre Square, opposite the newly
refurbished Town
Hall, setting the trend for the regeneration of the whole of Albert Road. The lettings to Turtle Bay and Bistrot Pierre last year (2017) were a real turning point for Middlesbrough. The launch of Tees Advanced Manufacturing Park (TAMP) providing 180,000 sq ft of prime industrial and manufacturing space, and the anticipated launch of 200,000 sq ft of grade A office accommodation in Centre Square later this year, will finally give Middlesbrough
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he promise of Middlesbrough’s commercial property regeneration
the grade A business space which national organisations demand, while Middlesbrough’s £30 million Snow Dome planned for 2019 will provide many more commercial opportunities.
There is a real shortage of grade A
office accommodation and high quality business space in the town which Centre Square, an expansion of the town’s Boho digital quarter and TAMP, will address and put Middlesbrough on the map as real business location, not just somewhere to be serviced from an office in Leeds or Newcastle. Last year’s launch of the South Tees
Development Corporation and of the opportunities on the former SSI site has provided real hope that major employment will return to that site, but while investment in infrastructure takes place, it is established science and business parks, such as the Wilton Centre, next to the Wilton International site, which will provide space for all sorts of companies, but especially high-tech businesses, looking to relocate to Teesside. Further information: Stephen Brown
on tel: 01642 244130 or by email:
s.brown@
doddsbrown.co.uk or via the firm’s website
www.doddsbrown.co.uk
A
to business, to encourage collaboration and open innovation.
At the time of publishing there are only 11 rooms left unoccupied ranging from 21 – 57 sq.ft and interest in the centre is always growing as tenants expand and make a name for themselves in the business community. Competitive rent and payment arrangements, easy in and out terms, and business rate relief for technology based companies has made Fusion Hive an unquestionably popular location for growing businesses to establish themselves in the Tees Valley area.
For more information or to arrange a viewing email
info@fusionhive.co.uk, call 01642 955345 or visit
www.fusionhive.co.uk.
WILTON CENTRE
multi-award winning university spin-out technology company has chosen
Teesside’s Wilton Centre as its production development base, with an initial £6 million investment, creating four new full-time jobs. Green Lizard Technologies Limited
(Green Lizard), a spin-out from Queen's University Belfast, has acquired pilot plant, office and laboratory space at the Wilton Centre, Teesside’s premier science and business park, to test manufacture Epoxy Propanol (EP), also known as Glycidol, which can be used to create greener, cleaner and safer surfactants (for use in detergents and soaps), industrial paints and coatings, and speciality chemicals. The Wilton Centre will house Europe’s first production plant for EP. At present, it is primarily manufactured in Japan, with a small amount produced in the US. Should the pilot production plant prove successful, Green Lizard and its development partners will invest some $25 million (£17 million) in a full scale production plant at Wilton. This could open as early as 2021.
Green Lizard has developed patented, safe and sustainable technology which coverts Glycerol, a waste product from the manufacture of bio-diesel, a renewable fuel made using natural vegetable oils and fats, into EP. Glycerol is used in food production.
COMMERCIAL PROPERTY MONTHLY 2018
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