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Just the right chemistry for company expansion

  • 11 December 2014
  • Author: James
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Just the right chemistry for company expansion

A Billingham developer of biochemical materials used in medical research is undertaking a £1million expansion into new premises at Belasis Business Park. Cambridge Research Biochemicals (CRB), is doubling the size of its workspace following the purchase of a 10,000 sq ft premises across the road from its existing rented accommodation at Belasis Court. The move has been overseen by North East Chartered Surveyors and Property Consultants Carver Commercial, of Darlington, who have described it as “a perfect fit”. Carver Commercial Chartered Surveyors were jointly instructed by Expense Reduction Analysts (ERA) property team, along with Naylors Chartered Surveyors, of Newcastle, to dispose of the building on behalf of Smithers Rapra following relocation of their testing facility. CRB, was acquired in the year 2000 by scientist owners Emily Humphrys and Alison White as a result of a buyout from parent company Avecia (formerly Zeneca and ICI). It mainly produces peptides, short protein fragments which are useful tools used in medical research at the molecular level. The move into new premises will allow CRB to grow from its existing footprint of 4,000 sq ft to 7,000 sq ft, with additional space for future expansion. Julie Wallin Director of Carver Commercial Chartered Surveyors said “It is always tremendously rewarding to provide suitable properties for businesses, particularly to facilitate a company’s expansion plans. “CRB expressed interest in this building in April last year, when their existing lease was coming to an end on the Technology Park. The building was adjacent to their existing premises and of a size to accommodate their expansion, with a little extra space contingency for further possible expansion in the future. “During the marketing period the business park was granted Enterprise Zone status as part of a Government incentive scheme in selected areas which meant there was up to £250,000 rate relief over five years available for businesses relocating or expanding into the area. This was another incentive for CRB to take the opportunity to move at this time. “We were able to liaise with Stockton Council over rate relief and to help with energy reports and referrals to surveyors and engineers. It was a perfect fit.” Andrew Pegg Consultant for ERA said: “Our agents worked extremely hard to bring this sale to a successful conclusion and we would be delighted to work with them again in the future.” Emily Humphrys, Commercial Director of CRB, said: “We started to think about expanding three years ago and decided that we wanted to buy our next premises. When the Carver Commercial sale board went up just across the road it was too good an opportunity to miss. “It was quite a protracted purchase process and we are very grateful to Julie Wallin for all the help she was able to provide. About half the investment of close to £1million has gone on buying the building; the remainder will be used on fitting it out with the laboratories and offices we require.” Carver Commercial can be contacted on 01325 466945 or visit www.carvercommercial.com.

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