Racz Group Limited, one of the UK’s largest owners of franchised businesses, has chosen Wynyard Business Park as the location for its new headquarters.
Acting on behalf of Northumberland Estates, Knight Frank let 3,370 sq ft of office space in Unit 10 Evolution at Wynyard Business Park, Stockton-on-Tees, to Racz Group on a new two-year lease.
Wynyard Business Park is located close to the junction of the A19 with the A689, just north of Billingham, and is a hub for professional and engineering services companies.
The business park offers high specification, grade A, office buildings and suites ranging in size from 1,000 sq ft to 20,000 sq ft, with smaller office suites available in Wynyard Park’s Business Centre, as well as development plots.
Racz Group Limited owns 21 Domino’s franchises, 13 Costa Coffee shops, nine Anytime Fitness gym franchises and three Tees restaurants.
The group employs nearly 1,000 people, and has an annual turnover in excess of £30m.
Racz Group Limited has now moved its headquarters from Hartlepool to Wynyard Business Park where 35 senior staff will be based.
Business owner Mike Racz said: “We are growing quickly and needed new office accommodation. The high specification office space and the landscaped environment, coupled with the location almost adjacent to the A19, allowing us quick access to our team members at franchises across the North of England, make Wynyard Business Park the perfect location to grow our business further.”
Richard Wilson, senior associate partner at Teesside independent commercial property consultants Dodds Brown, added: “On-going investment in office space, landscaped environment and on-site facilities such as retail units, a pub/restaurant and hotel by Northumberland Estates will ensure we see many more office occupiers heading to Wynyard Business Park.”
Rebecca Maddison, associate at Knight Frank, commented: “The ‘Wynyard Lifestyle’ in the shape of first class on-site facilities, such as a café, nursery, gym, and dental practice, along with the business park’s proximity to the sought after executive housing at Wynyard Park, to leisure facilities at Wynyard Hall Hotel and to top schools, also really enhances the attractiveness of Wynyard Business Park to new tenants.”
More than 65 business, employing more than 2,000 people, are presently located at Wynyard Business Park. Each office comes with plentiful car parking and offers stand-alone and multi-occupied accommodation.