Serving the Teesside Business Community | 49
George Williams, agent in Sanderson
Weatherall’s Teesside office.
Sanderson Weatherall Teesside
enjoys successful quarter thanks
to active property market
P
roperty consultancy Sanderson Weatherall
has enjoyed a successful third quarter
working with property occupiers, owners and
investors across the region.
Over the past three months the firm has
been instructed to market just over 40,000
sq ft of industrial, retail and office space
across Teesside, bringing some new stock
to the market following a raft of acquisitions
earlier this year.
George Williams, agent in Sanderson
Weatherall’s Teesside office, said: “Despite
traditionally being a quieter time of year, we
have experienced an active market with high
levels of demand for a number of properties,
and are delighted to have seen some key
deals get over the line.
“We’ve had some great new instructions,
which include two residential development
sites in Teesside, totalling just over five acres,
and a fantastic £13m residential investment
opportunity in Middlesbrough.
“We are also actively seeking residential
sites for a number of clients, where we’ll
be getting our building consultants and
architects involved to deliver a finished
product to the market.”
The firm has also valued more than
£12m-worth of commercial property during
the quarter, and provided development
appraisals on over 26 acres of land, across
multiple sites, for a national house builder.
Matthew Clarke, head of valuation at
Sanderson Weatherall Teesside, said: “We
continue to see the number of commercial
property valuation instructions across all
sectors in the region remain high.
“Over the past quarter we’ve seen a
buoyant investment market, especially on
industrial properties, and an increasing
number of transactions involving owner-
occupier-led acquisitions in the office market.
“On the residential side, the appetite for
new build schemes, large and small, remains
strong, with the level of work we’ve been
doing for a national house builder in the
region testament to that.”
David Fairley, joint head of office at
Sanderson Weatherall Teesside, added:
“It’s fantastic to see so much going on in
the Teesside property market and we’re
delighted to be working alongside so many
of the region’s owners and occupiers to keep
that going.
“We have a number of exciting new
deals and jobs in the pipeline, and expect to
see the market remain active over the final
quarter of the year.”
Sanderson Weatherall is a leading national
firm of UK Chartered surveyors, property
consultants and business asset advisors.
Its Teesside team moved to second floor,
1,532 sq ft space in Roseberry House on
Bowesfield Park, Preston Farm, in 2016 – a
move which has transformed its property
business.
Find out more about Sanderson
Weatherall at www.sw.co.uk or give the
Teesside team a call on 01642 426900.