CPI commits to seven year lease at Teesside business and science hub
The Centre for Process Innovation (CPI) has signed a new, seven year lease at the Wilton Centre, marking the largest deal at the Teesside science and business park for more than 10 years.
A technology innovation centre, The CPI helps companies to develop, prove, prototype and commercialise next generation products and processes.
Having been based at the Wilton Centre for the past 13 years, more than 120 people now work at the site to support the UK process manufacturing industry.
Utilising its state of the art facilities and technical expertise, the business helps clients to de-risk process development, achieved through proof of concept testing to accelerate the commercialisation of new products and process technologies.
Steve Duffield, Site Director at the Wilton Centre, said: “It’s not just good news for the Wilton Centre that CPI has committed to be here for the next seven years, but for all the companies and organisations which have chosen to cluster around them creating a process innovation hub. They are helping to contribute to the future success of the North East economy.”
The re-letting to CPI at the 75 acre science and business park follows hard on the heels of the re-letting of 29,000 sq ft of office space to SABIC, and new leases of 40,000 sq ft of office and training space to international electrical safety training provider The Faraday Training Group, in addition to 15,000 sq ft of office and laboratory space to FUJIFILM Diosynth Biotechnologies, a world leading developer and manufacturer of biologics-based medicines.
Stephen Brown, Senior Partner at Dodds Brown is the letting agent for the office space at the Wilton Centre.
He added: “It’s not just the Wilton Centre’s unique combination of office, laboratory and process development space which attracts tenants, but its proximity to the Wilton International site, good road links and clusters of similar organisations.”