Chaloner Group delivers £55m Tees Advanced Manufacturing Park to Practical Completion
Chaloner Group, one of the UK’s leading regeneration specialists, has achieved practical completion on the prestigious Tees Advanced Manufacturing Park (TeesAMP).
Construction of the 180,000sq ft Phase One of the landmark £55m park, located adjacent to Riverside Park industrial development on the southern bank of the River Tees, is now complete and ready to accept its first occupiers.
Featuring high quality, high specification buildings for manufacturing and R&D facilities, TeesAMP will become a focal point for innovation and advanced engineering in the Tees Valley.
With the first lettings due to be announced soon, interest in TeesAMP continues to grow with plans in place to start the design programme for Phase Two, which will cover 100,000sq ft.
Chaloner Group has developed the site in partnership with Middlesbrough Council and Tees Valley Combined Authority (TVCA) in order to attract innovative companies to the area, resulting in more job opportunities created for the Tees Valley.
The investment also includes a £25m anaerobic digester, which will use food and biological waster to generate power.
Phase One has been constructed predominately by a North East-based supply chain, including main contractor Robertson North East and Stockton steel fabricators Nationwide Structures.
TeesAMP has been funded by £12.5m from Middlesbrough Council, £7.65m from TVCA and £2.3m from the SSI Taskforce, the body set up to support regeneration after the closure of the SSI steelworks, and substantial private investment.
In addition, relationships have already been forged between the TeesAMP with local educational institutions including Middlesbrough College, which will provide tailored trade packages in partnership with individual companies to create bespoke training and development courses for firms based at the Advanced Manufacturing Park.
TeesAMP is the latest is a portfolio of significant developments in the Tees Valley led by the Chaloner Group, as part of its strategy to deliver residential and industrial regeneration projects that bring community and economic benefits to the area.
Geoff Hogg, Chief Executive of Chaloner Group, said: “We are exceptionally proud to have led the delivery of Phase One of the TeesAMP, which sets the standard for high quality manufacturing facilities in the region.
“Reaching practical completion is a major milestone for the project in readiness for the first occupiers moving in. The interest in the TeesAMP from the manufacturing sector has been considerable with around 70 percent of the space likely to be taken in the near future, which gives us confidence to embark on Phase Two soon.”
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Photo caption: An aerial view of TeesAMP
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Chaloner Group is an award-winning regeneration specialist. It develops strong relationships with local authorities, government agencies and investors, expertly managing regeneration projects from concept through to completion. Its knowledgeable team assess development opportunities and strategically plan solutions for maximum returns.
Chaloner Group works to the following values:
- Chaloner Group improves the areas of the UK it works in. It regenerates where there is a need, be it retail, industrial or residential, to the benefit of the local area and economy. The Group is committed to itsinvestors, clients and stakeholders. Chaloner Group only select projects where it is confident of returns, both financial and economic, for its stakeholders.
- Chaloner Group eliminates financial risk for land and property owners. It ensures there is no cost to landowners, sourcing funding for all projects. Sustainability and environmental welfare are essential considerations at every stage of its developments.
- Chaloner Group is committed to regeneration for the good of everyone, and this includes caring for the environment and ensuring future generations also benefit from its projects.