Retail software provider strikes deal to relocate to Humber Enterprise Park

itim, the retail software provider, is set to move into new offices at Humber Enterprise Park in Brough.

LC Industrial, a joint venture between LRE Capital and Leeds-based business specialist Citivale, secured the lease for the international software provider.

itim, which also has offices in London and Portugal, is moving into ground floor of the Buccaneer office building, relocating from Victoria House in Hull.

The software firm is taking 2,464 sq ft of office space on a 12-year lease. The rent is £8.50 per sq ft.

itim, which specialises in providing software, solutions and services to help retailers run their businesses more efficiently, works with the likes of Debenhams, The Fragrance Shop and Halfords.

James Appleton-Metcalfe, managing director of Citivale, said: “We are thrilled to announce software provider itim is joining our growing community and moving into the ground floor of our Buccaneer office space.

“Alongside its existing offices, the Humber Enterprise Park offers the ideal place for the company to relocate its Hull office to as it allows itim to take advantage of the benefits that come with the park’s Enterprise Zone status.

“Our site’s tenants are exempt from business rates, a saving worth up to £275,000 over a five-year period, freeing up increased funds for itim to invest back into their business.

“Among many others, itim join existing Humber Enterprise Park tenants BAE Systems, Dearing Plastics and Humberside Fire & Rescue.”

Humber Enterprise Park incorporates 1.3 million sq ft of office and industrial space and 20-acres of development land.

£6m has already been spent on regenerating the whole site, with an additional £1.2m earmarked for further improvements. It is estimated that 1,600 new and sustainable jobs will be created when the park is fully developed during the next three years.

James Appleton-Metcalfe added: “LRE Capital and ourselves are keenly aware that our park should not just be a place to work, but also a proper community where to life can be enjoyed.

“So we are creating a running track on the perimeter of the site; a heritage museum, paying tribute to the rich history of aircraft manufacturing here; green spaces and allotments; break-out areas and spaces for art; and a fitness suite.”

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