International software firm agrees deal on new Hull premises

An international software provider which has offices in London and Portugal withwhose clients include Debenhams and Halfords has relocated to new premises in Hull.

LC Industrial, a tie up between LRE Capital and Leeds-based business specialist Citivale, has agreed a deal with itim for new offices at Humber Enterprise Park in Brough.

itim is moving into ground floor of the Buccaneer office building, relocating from Victoria House in Hull.

The company is taking 2,464 sq ft of space on a 12-year lease at a rent of £8.50 per sq ft.

itim boasts a client including retail giants Debenhams, The Fragrance Shop and Halfords.

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.”

“In combination with some of the lowest rents on modern office space in East Yorkshire, the Humber Enterprise Park provides significant financial incentives for its tenants, and offers the perfect home for companies with ambitions to expand. Among many others, itim join existing Humber Enterprise Park tenants BAE Systems, Dearing Plastics and Humberside Fire & Rescue,” added Mr Appleton-Metcalfe.

Humber Enterprise Park incorporates 1.3 million sq ft of office and industrial space and 20 acres of development land.

So far £6m has been spent on regenerating the whole site, described as “a jewel in the Humber’s crown” with another £1.2m earmarked for further improvements. It is estimated that 1,600 new and sustainable jobs will be created when the park is fully developed during the next three years.