A LANDMARK building which has stood empty for a number of months is to be transformed into a hi-tech centre for enterprise and business development.
Crown House, near the railway station in Middlesbrough, was built in the 1960s and was previously used as Government offices.
Earlier this year, Teesside businessmen Nasser Din and Riaz Hameed took on the building and have now announced their plans to create a new hub for up and coming entrepreneurs.
Nasser’s company Supreme Property Developments is investing close to £3m to transform the building, with a further £750,000 of funding from Middlesbrough Council and £650,000 from One North East’s Single Programme pot, secured by Tees Valley Unlimited
Stephen Catchpole, managing director of TVU, said: “Crown House is one of the key pieces of Middlesbrough’s redevelopment jigsaw, so I’m pleased that after standing empty for so long it will now be transformed into premier business accommodation. SPD is showing real confidence and I’m sure that confidence will help draw out the town’s potential entrepreneurs of the future.”
Nasser Din, pictured, said: “I see this as a fantastic opportunity, not only to transform an eyesore of the town but to create premier retail, training and office accommodation. I want Crown House to be associated with enterprise - somewhere where entrepreneurs of Middlesbrough can be shown the tools of the trade to succeed, and where growing businesses can expand.
“This town has so much to offer and if I can do my bit to unlock some of its potential, I’ll be happy.”
Supreme Property Developments, set up by Mr Din after he switched from the clothing industry to property development, was also behind the creation of the Durham Tees Valley Business Centre at Primrose Hill Industrial Estate in Stockton.
Cllr Charlie Rooney, Middlesbrough Council’s executive member for economic development and regeneration, said: “To see the beginning of such a high quality redevelopment for Crown House is hugely positive for Middlesbrough.”
David Cramond, director of capital development at One North East, said: “This development will breathe much needed new life into Crown House and encourage a new wave of employment opportunities in Middlesbrough town centre.”