Terrace Hill lets 15,000 sq ft at Manhattan Gate to Hertel

Middlehaven Properties, a joint venture between Terrace Hill Group and Helmsley Group, told the stock exchange today that the global industrial services company had taken 15,000 sq ft of office space at the scheme.

Hertel, which provides support services and specialised products to international businesses, has taken one and a half floors at the development on a 15 year lease. 

The company, which employs 7,500 people worldwide, including 3,500 in the UK, is relocating its UK administrative HQ of 70 staff, from its traditional base at Middlesbrough, where it has operated since 1975. 

Fit out works will begin shortly, and the company is expected to move in to Hudson Quay 1 in December, joining the Crown Prosecution Service, which occupies the remainder of the building.

Hudson Quay 1  comprises 30,700 sq ft of office space and is the first phase to be completed on the 200 acre Manhattan Gate site.

When the development is completed, the site will consist of five office blocks, providing 142,500 sq ft of employment space. 

Terrace Hill and joint venture partner, the Helmsley Group, are working with Tees Valley Regeneration, the organisation that promotes development opportunities and economic activity within the Tees Valley, on the development of the rest of the site. 

The joint venture plans to begin the next phase shortly which will comprise another office building Hudson Quay 2.

Dodds Brown and Storeys:SSP are joint letting agents for Terrace Hill.