Middlesbrough Council has set up a new limited company, MHOMES, to operate in the development of new housing in the Town, to complement the excellent work currently being carried out by other organisations.
And Business Lead Tony Dodds has just moved the Company in to their new offices to start trading.
MHOMES is the proud new tenant of Commerce House, a recently renovated Grade II listed building in heart of the TS1 postcode, which is exactly where Tony and the Board of Directors wanted to be. Having looked at a number of other office buildings in the town, they decided the central location, quality of the finish and being located in the heart of the business community was right for MHOMES.
As most of the real estate construction and development related services will be procured from companies in Middlesbrough, such as architects, solicitors, building contractors, surveyors and engineers, the team have taken an office adjacent to the Business Lounge within Commerce House. The premises will also allow for the growth in the management team over the next year.
MHOMES is an established concept for local authorities wanting to trade and it’s a new foray for Middlesbrough Council into the housing market.
There is a lot of interest from third parties to invest in Middlesbrough as it under goes massive regeneration, but the Council also wants to be able to directly intervene in its own area. It has therefore initially proposed to build up 100 new homes on three sites over the first two years. The sites will be a combination of types and tenures, from starter homes to four bedroom quality family homes. These will be for rent and sale and include a proportion of affordable homes.
Tony, who has over 25 year’s experience in the property industry and has been appointed by the Council to establish MHOMES, said:
“We want MHOMES to be complementary to the existing work happening in the area, to invest in Middlesbrough and satisfy areas of undersupply.
“The aim is for this business to create work for consultants and contractors from in and around Middlesbrough, and to support local residents, companies and the economy. That is why, when we visited Commerce House, we felt a huge synergy with the building – it is a fantastic environment and showcases what investment into our area can generate!”
Commerce House is now a thriving business community, with a mix of tenants from all industries, differing in size. The building, which also offers virtual tenancy, co-working, hot-desking and hosts events and meetings, is 95% full with a huge amount of interest in the remaining space. Facilities manager, Christine Huntington, said:
“A huge welcome from all at Commerce House to Tony and MHOMES. Our TS1 postcode, and the quality of our fit out has been a big draw to many. We are delighted that a company associated with the council has chosen us as its home, and that from the office based here MHOMES will be working on further regeneration in the area.”
More information on Commerce House is available at www.commerce-house.co.uk and on M Homes by calling 07715 122926.