DURHAM County Council has taken the keys to its new high specification office development.
The council has signed a 20-year lease on the Spectrum 8 on Seaham’s Spectrum Business Park.
The 30,000 sq ft Grade A office building will house the council’s East Durham base, in a move which will enable the Council to save approximately £10million in revenue, repairs and maintenance.
Council leader Simon Henig said: “Taking advantage of Spectrum’s large incentives and low cost of occupation made good business sense for the council, ensuring we continue to have a significant presence in the east of the county.
“We have a long-term commitment to the site, and the excellent modern workspace that Spectrum 8 provides offers our employees a great environment that I know they will enjoy for many years to come.”
Robert Patterson, of commercial property experts Sanderson Weatherall LLP, which acted for developers the Hillford Group, said: “I’m delighted Durham County Council has taken up residence.
“In addition to benefiting from the significant savings available on the park it will also be able to take advantage of the park’s great location.
“Increasingly, companies have to consider sustainable locations when deciding their property requirements.
“The days of investing in one location only to promptly relocate are over for now and businesses need to be shrewd and invest in a property from which they can continue to grow.
“Spectrum is ideally located to allow tenants to tap into the resources of several major conurbations including Newcastle, Sunderland, Durham and Teesside.”