Serving the Teesside Business Community | 71
/ STOCKTON NEWS
Property entrepreneurs
acquire Stockton office block
With bases in Stokesley and Stockton,
Applied Scientific Technologies says global
corporate giants are “banging at the door”
for a robotic scientist it is set to launch.
The Hyve is an artificial intelligence system
designed to discover advancements in
formulation chemistry and biotechnology.
#TalkingUpTeesside
Andy Preston and Gareth Cherry have
acquired Phoenix House in Stockton.
P
roperty investors, Andy Preston and
Gareth Cherry, of Preston Cherry, have
acquired Phoenix House in Stockton, as
the third phase of plans to develop ‘Level Q’
luxury offices in Teesside.
This latest deal adds to Preston Cherry’s
portfolio of property on the Surtees Business
Park, just off the main A66. The company
already owns Sheraton House and Infinity
House.
Jacobs, which occupies around two-thirds
of the 51,000 square feet, will remain in situ
and the ground floor of Phoenix House will
become state-of-the-art ‘Level Q’ offices,
boasting facilities including a café, small
cinema and gym.
The building’s social areas will serve high-
quality wine and hot drinks free of charge for
workers.
Businesses will also benefit from some
of the fastest broadband in the area with
around 1,000MB capacity.
Outside space with picnic benches and
artificial grass will add to the ambience of the
workplaces, providing a unique environment
to work, socialise and keep fit.
Preston Cherry will offer traditional long
leases together with various levels of
membership, including hot desks and a
new service that provides boardroom space
with state-of-the-art conferencing facilities,
concierge, super-fast internet and free drinks,
including wine.
HOTEL BOOST
FOR TEES FIRMS
PAWS TO THINK
ABOUT NEXT MOVE
Pet owners have no need to paws for
thought when it comes to deciding
where to buy their beloved animals’
top quality name tags following a
breakout engraving business’s move
close to Stockton’s “golden mile”.
Andy Blackett and wife Mandy
have moved their booming Engraving
Studios firm into a newly revamped
2,400-sq ft unit on Arkgrove Industrial
Estate on Ross Road near bustling
Portrack Lane.
Teesside’s leading property
developers Mandale Group have spent
£1m giving part of Arkgrove a major
makeover to bring it into the 21st
century.
Business expert to drive growth at law firm
A well-known business advisor
has been appointed to assist an
ambitious Tees Valley law firm with
its growth strategy.
Gary Lumby has joined the
Ingleby Barwick-based Punch
Robson and will be working
alongside its partners to help
achieve the company’s development
plans. Lumby is pictured (right) with
the firm’s managing partner Elaine
McLaine-Wood.
Two more Tees business have secured
contracts working on the new