the north east |
HOME TO UK’S MOST SUCCESSFUL OFFICE PARK... 2
016 is gearing up to be a busy and successful year for North Tyneside with a number of new and ongoing projects which are delivering fantastic benefits to the local economy.
Among them is the continued success
of Cobalt Park, the UK’s largest and most successful business park in the UK. It is now home to 20 major occupiers across multiple sectors including IT, financial services, utilities and renewables and provides employment for 14,000 people. North Tyneside Council has worked hard with property developer Highbridge to bring new companies into Cobalt as well as encouraging existing businesses to take additional space, including major employers Accenture, Utilitywise, EE, G4S, Hewlett Packard and Procter & Gamble. Leeds Building Society is the most recent business to confirm it has signed a lease for 20,000 sq.ft on the park – and with two further deals yet to be announced, this marks a real milestone for Cobalt and takes the overall occupancy to 90%. Highbridge is aiming to repeat the success of Cobalt with its latest major scheme which it is developing in collaboration with North Tyneside Council, Indigo Park.
An 82 acre strategic employment site capable of accommodating in excess of 1.3 million sq.ft of bespoke
manufacturing/distribution space to satisfy the needs of individual companies. Located close to the A1, the site is available for immediate development and once fully occupied has the capacity to generate over 1,000 jobs.
Quorum Business Park in Longbenton is also home to a number of large companies including Tesco Bank, Convergys, insurethebox and Balfour Beatty – and is continuing to attract new tenants. Quorum is now home to over 5,000 staff and is already 65% occupied.
Its latest signing is North East bakery favourite Greggs, which recently relocated its main headquarters to the park. The move comes as the company looks to consolidate a number of its office locations
offshore sector. Once complete, Swans will generate thousands of new, well-paid jobs in the North East. The region is already home to a broad range of major companies including Maersk, OGN, GE Oil and Gas, Fabricom Offshore, SMD, WD Close, Quick Hydraulics and Barrier Group. The Swans Centre for Innovation has also been launched on the Swans site providing new and flexible business accommodation in a prime location for
across the region, bringing them into one main business hub on Quorum. Excellent progress is also being made on the Swans site in Wallsend which is already attracting significant interest from national and international firms. With development partner Kier Property we are seeing £100 million of investment is being pumped into the 34-acre site to create an advanced manufacturing hub for the
small and medium-sized businesses in the energy, marine and offshore sectors. The Centre for Innovation project is part financed by the European Regional Development Fund (ERDF), managed by the Department for Communities and Local Government, securing just over £1 million of ERDF investment. As an Enterprise Zone, Swans offers a number of benefits for companies locating to the site before March 2018 including up to five years' business rates relief and a simplified planning scheme. As well as an exciting array of new commercial property developments, North Tyneside also boasts an enviable range of benefits for investors including a cost effective and committed workforce, four local universities providing a wealth of new talent and a truly unique quality of life, with the perfect mix of rural, costal and urban living.
North Tyneside Council’s dedicated Business and Enterprise Team is also on hand to offer investors a comprehensive range of advice and support. The experienced team of advisors provide tailored assistance to help businesses establish themselves in the area as well as offering expert advice and practical assistance with everything from sourcing suitable premises and recruiting a workforce to planning requirements and funding.
For further information on investment opportunities available in North Tyneside, including the new Swans and Indigo Park sites, please visit
www.investnorthtyneside.co.uk. Alternatively please contact
sean.collier@
northtyneside.gov.uk or call 0191 643 6409.
COMMERCIAL PROPERTY MONTHLY 2016
51
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108