Moving Forward

Strategic Sites, the development company launched earlier this year, has announced plans for a £9 million office scheme at Wynyard Park in the Tees Valley.  The scheme, to be known as Evolution, will be Strategic Sites’ first major development project and will comprise 20 high specification office units ranging from 1,300 sq ft to 15,000 sq ft in size.

 

Working in partnership with Wynyard Park Ltd, the company behind the development of the former Samsung site at Wynyard, Strategic Sites will deliver a major regional office scheme that will eventually accommodate up to 250 staff.

 

Paul Barber, managing director of Strategic Sites, comments:  “It is fitting that our first project should involve bringing a flagship office development to the North East.  Our aim is to appeal to companies looking for high quality office space in a top class location.  Encouragingly, we are already in detailed discussions with a number of potential occupiers.”

 

Strategic Sites is a joint venture between Helios Properties plc, Kilmartin Property Group and Wynyard Ltd.  The company is headed by Paul Barber, a former director of English Partnerships, who spearheads a team of individuals with extensive experience of delivering large-scale development projects.

 

The combined expertise of the team will focus on developing office and industrial schemes throughout the UK and in unlocking the potential of complex sites.  With around £50m of resources to invest over the next 3 years, the company will play an integral role in developing the Wynyard Park site, along with others in the North East, and throughout the UK.

 

Wynyard Park is a 700-acre mixed-use development located in the Tees Valley.  The park, which stands on the site of a former Samsung electronics factory, offers a range of high quality office, warehouse, distribution, leisure and conference facilities.  The first phase of the development is now complete and the latest stage of development, to add a further 800,000 sq ft of office and production space, is currently underway.

For further information, please contact:

 

Emma Oxtoby, Strategic Sites                             01937 58 44 44

Simon Stretch, Porterfield PR                             020 7647 4420