the north east |
SERIES OF AMBITIOUS REGENERATION PROJECTS IN SOUTH TYNESIDE E
xtending nearly 13 miles along the south bank of the River Tyne, covering
55 square miles, Gateshead is home to an impressive mixture of modern urban vitality and rural charm. With many achievements to boast
about, from the introduction of the UK’s first industrial estate back in the 1930s, to modern day iconic structures and smart specialisation sectors: Gateshead continues to lead the way with its innovative and creative approach. Here are some of the things that make Gateshead so unique: The Intu Metrocentre – Europe’s largest retail and leisure complex. Team Valley Trading Estate – Europe’s largest modern industrial estate, extending 700 acres at the centre of the Tyne and Wear conurbation. The park has direct access points to the A1(M), accommodating over 750 businesses specialising in high end manufacturing and advanced engineering; employing 20,000 people. Key businesses already operating here include: De la Rue, Parker Domnick Hunter, Rettig and Express Engineering. NewcastleGateshead Urban Core – the cultural, retail, tourism and leisure hub,
REFURBISHMENT
figure refurbishment. Silverstone Building Consultancy has been instructed to project manage the works to no.2 Collingwood Street, which will see the firm’s city centre refurbishment projects exceed £1.5m in the first half of 2017. The prominent five-storey office building
A
which overlooks St. Nicholas Cathedral in Newcastle city centre, will get a major overhaul in a bid to attract new occupiers. The historic building was acquired by
RPU Group in 2002 and has been held by the Newcastle-based firm as an investment with a range of regional and national businesses in occupation. RPU Group will be investing in a full refurbishment of the ground floor office suites, the common areas and the basement. Phil Upton, director of RPU Group said:
“We are committed to investing in our offices in Newcastle and making sure they are an attractive proposition for any business requiring a high quality city centre office. With Silverstone’s help we are also making a significant investment in Churchill House, where we will be refurbishing the basement in order to attract a new leisure operator.”
COMMERCIAL PROPERTY MONTHLY 2017
Grade II listed building on Newcastle’s Collingwood Street is to undergo a six-
grow business. With a series of ambitious regeneration projects, our relentless focus on economic growth and regeneration is driving private sector confidence. We have established a reputation for delivering transformational economic regeneration projects including South Shields Seafront, Harton Quays and our three key Town Centres. Phase One of our £100m South Shields 365 Town Centre investment programme is now complete which includes the state-of-the-art cultural venue The Word, National Centre for the Written Word. Inward investment is central to our
S
aspirations for job creation and we have a strong track record for attracting investors. South Tyneside is home to innovative start-ups seeking growth and established global organisations setting up a North East England base. We support businesses of all sizes, in all sectors, but with particular focus on advanced manufacturing, engineering, digital and ICT together with business services. Our employment rate is the highest it’s been in over 10 years. South Tyneside supports some of the
SIX-FIGURE
incorporating the recently regenerated Gateshead Centre. Baltic Business Quarter – located on the south bank of the River Tyne, is a regionally significant office location with clusters of digital and creative businesses. The area is also home to the first European VR industry led Centre of Excellence, VTRGO Labs; specialising in emerging technologies working alongside leading brands such as Audi, Jaguar, Land Rover, PlayStation and the Facebook-owned Oculus VR headset. The site can accommodate a further
80,000 m² of Grade A office accommodation, to attract both regional and international investment meeting a variety of end user requirements. Specifically, businesses within the financial, professional and business services sector would benefit from being located alongside the increasing cluster of service sector businesses, such as Teleperformance and Worldpay. Follingsby Park/South – providing
97,902 m² of primary accommodation for manufacturing, distribution and logistics’ services with access to both the A19 and A1(M), Follingsby is already home to a
number of high-profile distribution and logistics’ occupiers such as DHL and FedEx. South of Follingsby Park is Gateshead’s
Enterprise Zone site, providing 50 acres of land to support the development of a further 90,000 m² of warehousing and distribution space; further cementing its position as the premier distribution park in the North East.
Gateshead is at the heart of the region
and positioned to take advantage of easy access to all local, national and international markets; providing links to air, rail, car and ferry services. With a working age population of 1.4m within a 10 mile radius, businesses can benefit from a flexible, motivated and skilled workforce, with highly competitive employee costs. The area’s business environment and
infrastructure is ranked within the top 50 of all UK local authorities, which is why it has proven to be the location of choice for many international companies. Its diverse and growing business base, complemented by the supportive environment, provides the perfect setting from which to establish and realise businesses’ growth aspirations.
EXCITING SOUTH TYNESIDE
outh Tyneside is an exciting and vibrant location in which to invest and
best digital and ICT providers that the North East has to offer. Our reputation is growing as a location which nurtures innovative companies which we support with award-winning business centres including One Trinity Green – accommodation tailored to the digital and creative sector. High quality accommodation and a
skilled workforce with a reputation for exceptional customer service make us a very attractive location for high-profile business services organisations. Holborn Riverside Enterprise Zone in
South Shields look to create further opportunities for the digital, ICT and business sector, with the provision of Grade A office accommodation which meets market requirements. The development is set to create up to 1,500 additional jobs for the region. Our location on the A19 economic
corridor helps place us at the heart of the North East’s manufacturing hub supported by global transport connectivity from the thriving Port of Tyne. South Tyneside has excellent import and export infrastructure nationally and internationally, including the A1 and A19 road network and established exporting links to Europe.
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