A fast growing business park in County Durham is aiming for full occupancy next year after signing a long term agreement with a high profile tenant.
Construction of Spectrum Business Park in Seaham was completed in 2010 and is now home to more than 20 businesses employing more than 600 people.
The park is home to organisations including Durham County Council, the Department for Work and Pensions (DWP) and East Durham Business Service and it recently put pen to paper on a five-year agreement with national support organisation BE Group.
The firm moved onto the flagship park in 2007 and now employ in excess of 100 people.
Paul Wellstead, the developer behind the park, said: “Securing BE Group as a tenant until at least 2019 is a real endorsement of everything I’m trying to achieve here.
“I want Spectrum Business Park to be the North East’s leading business location, a thriving hub that is home to organisations forming a vibrant community.
“This already includes companies across sectors from IT, digital media, business support and administration to recruitment and contact centres.
“Among these are many new and growing SMEs who know it is the perfect environment for them to grow their business.
“The challenge for me now is to secure the right tenants for the remaining offices and I am confident that in the coming months I will have some major announcements to make.”
Spectrum Business Park, which is located off the A19 and just a stone’s throw from the vibrant and developing Seaham Marina, offers serviced office space designed for smaller businesses and bigger units of up to 61,000sqft aimed at larger companies and organisations who employ up to 600 people.
Mr Wellstead said: “With the vibrant mix of big name tenants and smaller companies located here, Spectrum Business Park is building a reputation as one of the region’s most versatile and high quality business locations and I really want to build on that to find occupants for the remaining units.
“The coming months and into 2015 are a really exciting time and the aim is that by the end of next year the park will be full.”
Alastair MacColl, chief executive of BE Group, which offers business information, events and commercial development programmes, added: “Spectrum Business Park is the perfect environment for us and it was for that reason we have signed the long term tenancy, securing our future here until at least 2019.”