Swinburne Maddison, Durham City’s leading law firm, has concluded work in record time for sustainable materials company Sphera, enabling its occupation of new premises at Jade Business Park in Murton near Seaham.
From instruction, Swinburne Maddison took just under eight weeks to complete the lease and associated documents.
Now fit out works are due to be carried out at the 11,195sq ft self-contained, semi-detached industrial unit, which will create a purpose-designed space to facilitate Sphera’s ambitious business development plans which include the launch of a new carbon negative, lightweight concrete aggregate, OSTO, which is poised to make a major impact within the built environment.
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Swinburne Maddison managing associate Gillian Moir, who undertook the work, said: “This lease was of a relatively high value and had to be turned around in a short time frame. I have significant experience of dealing with such matters and was able to conclude the legal work swiftly with assistance from the wider team.
“However, given the need to review title, undertake searches, review, negotiate and complete the documentation, such timeframes can often prove challenging when we do not have direct control over the response times of third parties in the process. In this particular matter, the landlord’s title to the estate was quite significant and a large number of documents were to be reviewed and reported on. Fortunately, all matters were concluded without a hitch.”
Sphera CEO and co-founder, Dr Natasha Boulding said: “In our commitment to making net-zero construction a reality, we wanted to get into our new premises as soon as possible to begin the production of OSTO at a larger scale and continue the development of additional products to lower the carbon footprint of the construction sector.” .
“Gillian Moir and the team had everything under control from day one and it all went very smoothly and quickly. We are delighted.”
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