Chartered surveyors at Sanderson Weatherall in Teesside have completed a number of deals to help businesses relocate and expand in the area.
One of the most significant deals – for the purchase of 87 Willows Court on the Teesside Industrial Estate – saw five bids in the first week before it was bought by Middlesbrough-based Integraflex.
The firm completed the deal for the 7,854 sq ft secure compound property on behalf of its client, RS Bruce, of Sheffield.
Elsewhere, Teesside-based Matrix Power acquired a 6,000 sq ft unit on Mickleton Road, on the Riverside Industrial Estate, in Middlesbrough.
Jonathan Simpson, Partner at Sanderson Weatherall, said: “The Teesside market is vibrant at the moment and there are some significant businesses taking space which will allow them to grow.
“The interest in each of the good quality sites which has become available in recent months has been high, with multiple interested parties showing interest and bidding. This is great news for Teesside and we are confident that the market will continue to thrive as the economy grows.
“These deals show a growth in the Tees Valley which reflects recent reported increases in GDP, and we are confident that we will continue to see strength in the market.”
Meanwhile, the company is hoping to find new occupiers for a well-known commercial site after completing its sale earlier this year.
Interest in the Horndale Business Centre, the former Holiways garage site in Newton Aycliffe, has been strong since the firm of chartered surveyors, which employs around 200 staff across six offices, helped complete its sale.
Yorkshire-based property development company, Prestige Car Direct Properties, bought the site from administrators KPMG at the start of 2014.
The Bradford firm has made the 27,501 sq ft site available as showroom, office, workshop and display land space.
A total of eight premises are available for let, with land opportunities ranging from 1,079 sq ft to the full 27,501 sq ft.
Simpson added: “The business centre’s location on Aycliffe Business Park makes it one of the most strategically positioned business locations in the North East.”