Big plans all adding up for accountants

Jul 18 2007

By John Lowdon

THE Mandale Park development on the outskirts of Durham has secured accountants Clive Owen & Co as its first tenant. Stockton-based developer Mandale has developed the site out of the old LG Phillips factory next to the Belmont Industrial Estate, close to the A1. The business park has 11 more units of office space to let, including nine over two storeys, one over three storeys, and a restaurant/cafeteria unit. Mandale has been marketing the offices through Sanderson Weatherall and Bradley Hall at £10.95 per sq ft and Clive Owen is believed to have signed up at that price. Clive Owen, which has 14 staff in its Durham office and expects to hire more, is moving from 2,000sq ft of space over two floors at Aykley Heads, Durham, to 2,500sq ft at Mandale to house its planned growth. Caroline Owers of Clive Owen, said: “We have been in our old office for quite a long time and it has got a bit cramped, and we can’t grow any more. Story continues ADVERTISEMENT “With this move, we have tried to make the firm a bit more accessible. We wanted somewhere brand new and we have not found other new developments in the right location. “Not all our clients are in Durham; we have gained some in Washington, so being near the A1 is a good selling point. Ms Owers said the company is planning to take on around six more staff over the coming months and years, and now had room to accommodate them. Mandale Property Group paid more than £6m for the 33.5-acre site of the former LG Philips Displays factory in March last year, beating off interest from around five other bidders. Mandale Park is close to Hanro’s proposed 100,000sq ft scheme on Belmont Business Park, on which it hopes to begin work by the end of this year. The Newcastle company has a five-acre plot at the entrance to the business park. Plans for the new offices were lodged at the end of May with Durham City Council.

Top | Back | E-mail to a friend | Printable version

Commercial Property Work on Lite-On site set to start next year Aug 8 2007 A MAJOR new development in Ashington will see more than 100,000 square feet of industrial units created at the former Lite-On factory. The site, now known as North Seaton Business Park, is being developed by Spencer Holdings from St Helen’s in the north-west. more Popular city centre comedy club is to be extended Aug 8 2007 PLANNING permission has been secured for an extension to the popular Hyena Comedy Club in the centre of Newcastle. Architects CSM, based in the Ouseburn area of the city, have won permission for a ground floor extension to the club. more North market stable but London booms Aug 8 2007 DEMAND for commercial property in the North-East remained steady in the second quarter of 2007, while the London market moved ahead, apparently showing a widening of the North/South property divide. more Property market can ride the storm Aug 8 2007 THE last four weeks has seen a distinct cooling in the global economy as the true force of interest rate rises in the UK and US come to bear. Venture Capital Funds are cooling as, in turn, are equities and the UK property market. more In heart of town Aug 4 2007 POPINJAYS Restaurant, located on Hide Hill in the heart of Berwick -upon-Tweed, is a well established business. more Popular card shop put on the market Aug 4 2007 The business is situated on the main shopping street and has been reluctantly placed on the market. The shop is fully fitted and equipped for the trade and the premises also benefit from air conditioning. more Click here for more Commercial Property news

Business News Recruitment company forecasts £5m sales Aug 9 2007 A RECRUITMENT company is expecting to reach £5m sales by the end of its second year in business – a five-fold increase it credits to booming North-East manufacturing. more Interest rates to hit 6%, hints Bank Aug 9 2007 BANK of England policymakers signalled borrowers could face a hike in interest rates to 6% before the end of the year. The Bank’s key quarterly inflation report suggested a further rate rise could be needed this autumn. more Growing success for the family Aug 9 2007 AJM Dream Gardens, based in Consett, County Durham, was set up by entrepreneur Martin Boyle, who already ran a natural stone business. AJM Dream Gardens, based in Consett, County Durham, was set up by entrepreneur Martin Boyle. more £2m homes deals in frame for pair Aug 9 2007 A FLEDGLING timber frame manufacturer is on the verge of signing two deals, worth £2m, that will double its turnover and workforce by next year. more PROFITS at Gateshead construction company Tolent have fallen by nearly 30% to £1.5m in the first half of 2007. Aug 9 2007 Turnover also suffered – falling nearly 10% to £76.2m as several contracts suffered delays. more Jobs safe in deal over NEL Power Aug 9 2007 MORE than 50 jobs will be saved after Teesside power station builder NEL Power was bought out of administration by a competitor. more Click here for Business News from The Journal

Copyright and Trade Mark Notice

© 2012 owned by or licensed to ncjMedia Limited. icNewcastle™ is a trade mark of ncjMedia Limited. Please read our Terms and Conditions and Privacy Statement before using this site.

 

Jobs Newcastle, Homes in Northeast, Used Cars Northeast, Newcastle Free Classified ads Mortgages, Jobs in Newcastle Local Mole - Local Directory