Teesland Lets Stockton Office Scheme

LONDON-Teesland Group has fully let Camden House, its 30,000 sf office development at Princes Wharf in Stockton-on-Tees, less than a month after completion. Building materials group RMC is to take 20,000 sf £12.50 per sf ($17.60) on a sixteen-year lease. The remainder of the building has already been let to Dickinson Dees.

Teesland received planning permission in May 2001 for a second building, Cavendish House, at Princes Wharf comprising 53,551 sf of office space. This £8 million ($11.3 million) scheme will be developed in a joint venture with Sterling Capitol.

Teesland Associate Director Jason Rockett said: ‘Cavendish House, will ensure that Princes Wharf is the premier office location within Teesdale. By providing another high quality office building we are confident we will continue the trend and attract further national companies new to the area.’DTZ Debenham Tie Leung Storey Sons & Parker, are joint letting agents for Princes Wharf.