Significant potential in Teesside commercial property market
We have recently improved our already strong position with several significant new commercial property instructions in the region.
The Northshore development in Stockton-on-Tees highlights the increased investment in the area with the mixed-use site creating 200 homes and over 400,000 sq ft of commercial space. With a number of the houses already occupied, the flagship scheme has created a brand new, vibrant community on the bank of the River Tees.
Teesside’s property market continues to display its resilience, with confidence high and lenders investing more throughout the region, as well as strong new developments and schemes entering the market across a broad range of sectors.
Commercial property agent Chris Dent joined us at the turn of the year and brought with him over five years’ experience working in the North East property market. When asked about his first six months focusing more on the Teesside market, Chris commented, “I welcomed the challenge of further developing my knowledge of the Teesside market – in a short time I’ve noticed a real growth in the market. I’ve been able to work on some really great projects in Teesside and I’m incredibly excited by the untapped nature of the market.
“In the industrial market, the all-new Station Place development in Newton Aycliffe is generating unprecedented interest and we’re pleased to be in talks with several potential occupiers seeking high quality new industrial space. Totalling over 200,000 sq ft of space this new interest demonstrates the positive nature of the industrial market. We know that Station Place will build on the solid elements that made the adjacent Merchant Park perfect for Hitachi Rail.
Our Stockton-on-Tees office work with property occupiers, owners and investors throughout the Tees Valley and by offering multiple services under one roof are the only one stop property shop working within Teesside.