Tees Business Issue 28 | Page 53

NEWS
Artist ’ s impression of the interior of TWENTYEIGHT / 32 .

BORO BOOST

LJomast announces further investment in Albert North

ocal property and regeneration specialist Jomast has announced further investment in Albert
North , a multi-million-pound regeneration project in the centre of Middlesbrough .
Albert Road , a main thoroughfare in the town , was transformed into Albert North two years ago , and the area ’ s rebirth has gone from strength to strength .
Made up of a collection of eclectic buildings , it has benefited from a significant transformation . It now boasts a number of modern studios and highspec offices , and food and drink outlets . Its close proximity to Middlesbrough railway station , which offers direct trains to London , has also proved very popular with many businesses that have chosen to relocate here .
Since regeneration of the area started , Jomast has let over 50,000 sq ft and welcomed numerous high-profile digital and creative businesses , including Mabo , Big Bite , Salesfire , SockMonkey , Appamondo , LouTom Media , iConvert and Sequencer . All of the upper floor space at its SIXTEEN / 26 building is now fully occupied , and several ground-floor units have also been taken by various independents , including Pie Jackers , Alkaline Kitchen , King B and Derma Advanced Aesthetics .
Mark Hill , commercial property director at Jomast , said : “ The response to Albert North has been tremendous , and with such a high level of occupancy , our focus has moved on to refurbishing TWENTYEIGHT / 32 .
“ The building offers circa 24,000 sq ft over six floors and will benefit from a full refit including a new reception , new lifts and external enhancements .
“ Once again , we ’ re working with interior design specialists Cocoon & Bauer to ensure we provide the open , modern and flexible office space businesses are looking for to meet their growing needs .”
Albert North also has the advantage of being located within a governmentapproved enterprise zone .
Exterior of TWENTYEIGHT / 32 at Albert North .
This status means companies operating in the digital technology and creative sector who relocate here can qualify for business rate relief of up to £ 55,000 per year for five years , totalling £ 275,000 .
With the current business rate discount period ending on March 31 2022 , Jomast is urging businesses within the sector not to miss out on this significant saving .
Mark added : “ The opportunity to benefit from business rates relief within this enterprise zone will be coming to an end early next year .
“ The amount businesses can save is substantial , and we want to highlight the deadline so digital and creative companies don ’ t miss out .”
Businesses relocating to Albert North can also take advantage of an incentive scheme that includes perks such as highspeed broadband , rent incentives , free public health initiatives for all staff and a town centre loyalty card with exclusive discounts .
Anyone interested in leasing units should contact Jomast directly on 01642 666936 or visit albertnorth . co . uk for more details .
The voice of business in the Tees region | 53