Newcastle boost

A recent report from property consultant BNP Paribas highlighted a rise in office relocation activity in Newcastle, with office take-up of over 363,000 sq ft in the first half of 2015. This was a 19% increase on the first half of 2014.

Although 95,000 sq ft of offices was let in Newcastle city centre in the first 6 months of the year, it was the out of town market which saw the most activity with 270,000 sq ft of offices let.

Office deals included iParadigms 19,000 sq ft move to Wellbar Central and Performance Horizon taking 9,800 sq ft at the West One building. Gardiner & Theobald, Adecco and Office Angels all took smaller offices. Out of town, CHP took 17,000 sq ft at Quorum Business Park; Bede Gaming at Great Park, Hewlett Packard and DNV took a combined 21,000 sq ft at Cobalt Business Park.

During Q3, Accenture has signed for a further 50,000 sq ft at Cobalt Business Park and Greggs has agreed a deal to a new 25,000 sq ft HQ at Quorum Business Park.

Current medium/large requirements being tracked by Metropolis include a tech company, a housing association and public sector bodies.

Late 2015 will see the completion of 35,000 sq ft of grade a offices at the Rocket office scheme at Stephenson Quarter in the city centre.

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