Record Year in the Tees Valley
Award-winning commercial property firm Python Properties has announced it is celebrating a record year for its prestigious Tees Valley portfolio, following a major investment and enhancement project.
The Middlesbrough-based company has achieved lettings of 60,000 sq ft of office space in the last year and now averages an 85% occupancy rate within its landmark buildings, with some properties at full capacity, thanks to a £500,000 investment.
The enhancement campaign to revitalise four of its landmark buildings in Middlesbrough has focused on refurbishing existing communal areas, and installing new facilities, services and business zones. In addition to installing break-out spaces, conference and meeting rooms into the properties, which already include art galleries, bistros and manned receptions.
The buildings included in the project were Cargo Fleet Offices, The Co-operative Building and Victoria House; with work shortly to start at Royal Middlehaven House.
Python Properties partner, Peter Broome, said: “We are delighted to have welcomed so many new tenants to our properties within the last year. Our commercial property portfolio is now 85% occupied and business communities within the buildings are thriving. We believe it is of paramount importance to invest in the future of the buildings and ensure our tenants have state-of-the-art environments and facilities to help them achieve their own business objectives.”
“As a Middlesbrough-based firm we have noticed a significant rise in the request for office space in the Tees Valley. Business owners are strategically moving their companies to the region to benefit from the area’s economic and visual rebirth, thanks to private and public investment.”
Renowned for its restoration and regeneration ethos, Python Properties has invested more than £25 million pounds in commercial and residential estate in the North throughout its 20-year history.
In addition to enhancing commercial premises, Python Properties has also installed new virtual office facilities for businesses wishing to benefit from designated mailing and telephone services linked to a well-respected business premises.