Acting on behalf of a private client CPNE are delighted to have secured the sale of a 52,000 square-foot Riverside facility at Haverton Hill, Stockton-on-Tees on behalf of a private client.
Jonathan Simpson commented “ The sale took approximately six months from start to finish. A number of interested parties were identified early, and eventually, a competitive tender process narrowed the purchase down to MTE. I was not surprised at all by the strong level of interest we had in the site, particularly with the current levels of investment that are getting pumped into the Tees Valley at the moment, as well as the sites access to the River Tees
MTE are thrilled to announce the acquisition of their new office and fabrication riverside facility based at Haverton Hill, Teesside.
The new facility will support MTE’s ambitious growth plans providing the capacity to deliver considerably larger fabrications to the growing market for the offshore wind and other green energy industries.
MTE’s new site includes 4500m2 of indoor fabrication space, and 7 acres of external assembly, laydown and riverside frontage. Their on-site modern office space will also accommodate MTE’s delivery teams, allowing the company to successfully deliver projects within a single site.
Kevin Judson, Joint MD said: “We are delighted to have completed the acquisition of our new riverside facility which is a substantial expansion to our existing facilities both in Darlington and in Busan, South Korea.
By consolidating design, engineering, project management and production activities onto a single site, we will improve our project controls and increase our capacity to deliver projects to our key clients. The site is also extremely well positioned with supporting supply chain businesses in close proximity which further enhances our capabilities.”
This exciting acquisition will allow MTE to focus on projects the company have previously not been able to manufacture solely from their Darlington fabrication facility and will facilitate continued company success and growth.