Deal sees international software provider Itim move to Humber Enterprise Park
The Buccaneer building at Humber Enterprise Park
By Hull Daily Mail | Posted: 15 Aug 2017
International software provider Itim will open offices in Brough after agreeing a deal with LC Industrial.
The software company, which has offices in London and Portugal, is moving into the newly-renovated Buccaneer office building at Humber Enterprise Park, relocating from Victoria House in Hull.
It comes after the company agreed a deal with LC Industrial, a tie up between LRE Capital and Leeds-based business specialist Citivale, which runs the site.
James Appleton-Metcalfe, managing director of Citivale, said: “We are thrilled to announce software provider Itim is joining our growing community and moving in to the ground floor of our Buccaneer office space.
“Alongside its existing offices, the Humber Enterprise Park offers the ideal place for the company to relocate its Hull office to as it allows Itim to take advantage of the benefits that come with the park’s Enterprise Zone status.
“Our site’s tenants are exempt from business rates, a saving worth up to £275,000 over a five-year period, freeing up increased funds for Itim to invest back into their business.
"Among many others, Itim join existing Humber Enterprise Park tenants BAE Systems, Dearing Plastics and Humberside Fire & Rescue.”
Itim, which specialises in providing software, solutions and services to help retailers run their businesses more efficiently, has a client list including retail giants Debenhams, The Fragrance Shop and Halfords.
The company is taking 2,464 sq ft of quality space on a 12-year lease at the office, with rent of £8.50 per sq ft.
So far £6 million has been spent on the regeneration of the whole Humber Enterprise Park site, with another £1.2 million earmarked for further improvements.
An estimated 1,600 new and sustainable jobs will be created when the park is fully developed during the next three years.
Mr Appleton-Metcalfe added: “LRE Capital and ourselves are keenly aware that our park should not just be a place to work, but also a proper community where to life can be enjoyed.
“So we are creating a running track on the perimeter of the site; a heritage museum, paying tribute to the rich history of aircraft manufacturing here; green spaces and allotments; break-out areas and spaces for art; and a fitness suite.”
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