Newspaper article Evening Gazette (Middlesbrough, England)

Middlehaven Points the Way for the Region

Newspaper article Evening Gazette (Middlesbrough, England)

Middlehaven Points the Way for the Region

Article excerpt

WHILE many regeneration projects around the country have slowed down or have been scrapped, Middlehaven in Middlesbrough is proof that the North-east's development market is alive and kicking. The mixed use, billion pound development, which will see office accommodation, a hotel and leisure facilities sit alongside the pounds 70m Middlesbrough College and first Tees Valley Giant, Temenos, continues to go from strength to strength.

The office element of the scheme is well underway and the late summer saw work start on Hudson Quay 2, the second of five buildings which make up the Manhattan Gate project.

Manhattan Gate is being led by property development and investment group Terrace Hill.

Hudson Quay 2 has been fully pre-let to Middlesbrough Primary Care Trust and comes on the back of Hertel's recent relation to Hudson Quay 1. Work starting and securing the pre-let is a real vote of confidence in the Middlehaven development, which is being led by Tees Valley Regeneration alongside Middlesbrough Council, the Homes and Communities Agency and One North East.

Richard Buckley, Tees Valley Regeneration's Director of Development, said: "Given the current climate and the knock-on effect this has had on many regeneration projects across the country, I am delighted that Middlehaven continues to go from strength to strength. "The fact that Hudson Quay 2 has already been pre-let is a real vote of confidence in the scheme Terrace Hill is creating and to everything else Tees Valley Regeneration and our partners are trying to achieve.

"Middlehaven is gradually starting to realise its true potential." Hudson Quay 2 is 38,500 sq ft of premier office accommodation, part of the market leading Manhattan Gate project, which once complete will provide 142,000 sq ft of offices.

Martin Vickerman, director of Terrace Hill, said: "We are delighted to have secured a pre-let with such a strong tenant as the Middlesbrough PCT. This is a great endorsement of our scheme and clearly demonstrates that, despite the current challenging market conditions, we are still able to attract tenants to our high quality and well located developments.

"The completion of the stunning waterside area will see Manhattan Gate really begin to take shape and continue the much needed regeneration of Middlesbrough's former docks. …

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