CARGO FLEET OFFICES ATTRACTS A FURTHER FOUR NEW TENANTS IN A MATTER OF WEEKS

CARGO FLEET OFFICES ATTRACTS A FURTHER FOUR NEW TENANTS IN A MATTER OF WEEKS

 

The historic Cargo Fleet Offices which has recently opened in June following a major restoration project has four new tenants and is creating its own market the developer has announced.

 
Middlesbrough-based commercial developer and regeneration specialist Python Properties, which transformed the iconic building that has been central to the iron and steel industry in Teesside for decades, has reported four further new tenants have signed agreements to take space in the building.
 
Regional companies DDL, Bid Management UK, JRS Consultants and Power Tech were so impressed by the regeneration of the property that they have all signed terms within only weeks of the building officially opening.
 
Peter Broome, partner at Python Properties, said: “We already have more than 8,000 sq ft in the process of being let which is almost 25% of the space available. This is a phenomenal achievement in only two months since opening, especially in the current economic climate and generally it says so much about the building and the terms we offer.”
 
Martin Johnson, partner at Python Properties, said: “We are delighted to welcome DDL, Bid Management UK, JRS Consultants and Power Tech to Cargo Fleet Offices. We are incredibly proud of the regeneration of the historic building and very pleased that companies in the region can see the benefits and fantastic facilities available here.
 
“The building seems to be creating its own market; all of our new tenants were not actually looking for new offices, they simply visited the building and were inspired to move in.”
 
“It’s a huge testament to the iconic building that we have received so much interest, especially considering it only opened in June. We have numerous other companies interested in becoming tenants and already nine companies are either in occupants or waiting to move in.”
 
E-learning development company DDL, which design and build innovative interactive software, is moving its workforce into a 1,500 sq ft office, and legal company JRS Consultants will occupy 1,450 sq ft.    
 
A further two offices have been let to tender sourcing and writing company Bid Management UK and Power Tech, an electrical firm specialising in the installation of trace heating, pipe insulation and leak detection systems.
 
The three-story Edwardian building, which was originally built by Cargo Fleet Iron Company in 1916, was formerly the headquarters of British Steel Teesside and then subsequently Redcar and Cleveland Council.
 
Within the building there is a state-of-the-art Heritage Gallery, on-site bistro, plus 200 secure car parking spaces, a manned reception and conference facilities.
 
Flexible lease terms, including break clauses and rent free periods, are available at the property and bespoke office suites can be created, ranging in size from 500 sq ft to 12,000 sq ft. Rents for the Cargo Fleet Offices are highly competitive at £8.50 sq ft, with a service charge of circa £2.75 sq ft.
 
For further information about Cargo Fleet Offices please contact the partners Martin Johnson or Peter Broome at Python Properties on 01642 225100 or visit www.pythonproperties.co.uk.

 
 
 

     Python were pretty instrumental helping us make that transition getting into the building. We met with Martin & Peter and spoke to them in details as to what we would expect; they were very welcoming and accommodating in that regard. They were flexible about the Lease and they made it quite clear that they were there to help and support our business

Adam Paxton (Managing Director) & Thomas Howsam (Technical Director)
THAP, Middlesbrough (Former tenants Royal Middlehaven House)

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