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Terrace Hill secures major pre-let for Teeside Manhattan Gate office project
Terrace Hill Group , said today that it has secured a pre-let to the Middlesbrough Primary Care Trust for the entire 38,500 sq ft of its Hudson Quay 2 office building in its Manhattan Gate development project on Teesside.
The tenant will take a 15 year lease at an initial rent of £635,000 per annum and construction will start in August.
Hudson Quay 2 is the second of five buildings to be developed at Terrace Hill's Manhattan Gate project which, when complete, will provide 142,500 sq ft of offices.
The new letting follows Hertel's relocation of its U.K. headquarters to Hudson Quay 1 in December 2008. Manhattan Gate forms part of the 80 acre Middlehaven regeneration project, which is a mixed-use development rejuvenating the former docks adjacent to Middlesbrough's town centre.
The tenant will take a 15 year lease at an initial rent of £635,000 per annum and construction will start in August.
Hudson Quay 2 is the second of five buildings to be developed at Terrace Hill's Manhattan Gate project which, when complete, will provide 142,500 sq ft of offices.
The new letting follows Hertel's relocation of its U.K. headquarters to Hudson Quay 1 in December 2008. Manhattan Gate forms part of the 80 acre Middlehaven regeneration project, which is a mixed-use development rejuvenating the former docks adjacent to Middlesbrough's town centre.
Mon, 29th Jun 2009