Developers aim to shine light on Seaham hub

A County Durham business centre is set for a new chapter after being bought by experienced commercial property developers.

Clearwater Developments has purchased Lighthouse View Workspace at Spectrum Business Park, in Seaham. 

The 75,000sq ft mixed-use site is currently around 40 per cent occupied, but new owners Ranj Gill and Gursh Kahlon say they are confident they can bring “the flagship property” to full capacity by attracting more businesses.

Ranj said: “We have had our eye on this building for some time and being able to acquire it as a partially occupied centre, with a good mix of commercial tenants, made the purchase particularly attractive for us.

“Lighthouse View is a stunning building, the flagship property at Spectrum Business Park, and affords tenants not only prime office space and ample car parking, but views that are second to none, all within close proximity to major road, rail, sea and air links.

“What the building needs to achieve its full potential is owners that are hands on, that really understand the local landscape and can work closely with potential and existing tenants to give them the support they need to make the space work for them.

“In just a short space of time, we have made changes that have increased revenue and made the rental packages here more attractive.

“Our aim now is to turn it into a thriving business hub, home to dozens of tenants from a broad range of sectors which employ hundreds of people between them.”

The acquisition is Clearwater’s third on the business park, adding to neighbouring Lighthouse Point – home to Fit24 and Addictions North East – and Spectrum 5, another mixed-use centre housing companies such as Think Eleven and L3 Optics.

Lighthouse View already hosts around 30 tenants, including Cage Group, Ellwood Estates, Metcalfe’s, Eco 35, Rethink Mental Illness, Northern Lights Learning Trust and Essential Care and Support. 

The building also features the Let It Bee Bistro in the ground floor reception, offering a café space for both tenants and visitors.

Gursh added: “We are incredibly proud to be playing a part in the regeneration of Seaham, bringing commercial business space that at one time stood empty and derelict back into full use.

“Spectrum Business Park is now regarded as one of the leading enterprise areas in the North East and, with the purchase and full occupancy of Lighthouse View, we can reinforce just what a fantastic and attractive area Seaham is.”

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