One of the UK's largest owners of franchised businesses has chosen the Northumberland Estates owned Wynyard Business Park in the Tees Valley 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 to Racz Group on a new two-year lease.
Racz Group owns 21 Domino's franchises, 13 Costa Coffee shops, nine Anytime Fitness gym franchises and three Tees restaurants, and is an investor in Middlesbrough digital businesses Viral Effect and Eighty8Design.
Employing nearly 1,000 staff and with a turnover in excess of £30m, Racz's vision is to become the largest company based in the North East of England by turnover and number of team members, primarily by acquiring more franchises.
It has 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."
On-going investment in office space, landscaped environment and on-site facilities such as retail units, a pub/restaurant and hotel is expected to ensure more office occupiers heading to Wynyard Business Park in the near future.
Current tenants at the park include Baldwins Accountancy Group, TBI Solicitors, Balfour Beatty, Wood Group, Highfield Environmental, Balfour Beatty Kilpatrick, Nortech Group and Conoco Phillips.