The North East
Orega Launches its First Flex Space in Newcastle with New Management Agreement at No 2 St James’ Gate
Orega, the flexible workspace provider, has made a new long term Management Agreement with Palace Capital plc to create a high spec ‘best in class’ flexible workspace at No 2 St James’ Gate, Newcastle upon Tyne. Following a comprehensive refurbishment to be undertaken over the Summer, the new space will open in Autumn 2023.
Orega will be creating 22,500 sq ft of newly refurbished flexible workspace to provide around 400 workstations on the second and third floors of the of the seven-storey, 82,500 sq ft building.
This is the first time Orega has opened flex space in Newcastle. It now operates from 25 offices from across the UK including 11 in the North of England and Scotland.
No 2 St James Gate has been newly refurbished and offers some of the highest quality space in the city, including a contemporary and stylish reception area, together with open plan Grade A office space with panoramic views of the city. It offers one of the only column free floor plates in the city providing very flexible and adaptable accommodation.
It lies at the gateway between Central Station and the Forth Goods Yard and Quayside West Development Area, which extends to the south and west. This area is set to deliver a significant number of new homes, offices, leisure and public open space with the result that St James’ Gate will be at the heart of an increasingly important business, leisure and residential district of Newcastle City Centre.
The new workspace is designed to be a modern, flexible base for the area’s professional and financial businesses.
Planning Consent Obtained on Key Darlington Industrial Development Site
Highly visible location adjacent to Amazon Privately-owned Co Durham-based property development company, Premcor Estates (Premcor) has obtained planning consent for three industrial/distribution units, with a combined floor area of 402,000 sq ft of office and industrial space at its 24-acre ‘Fabric Darlington’ (Fabric) site.
Immediately adjacent to the Amazon fulfilment and distribution centre, Fabric occupies a highly visible position on Tornado Way, Darlington, within this established and fast-growing industrial and logistics location.
Strategically situated a short distance from the A66 and fronting a main arterial route between Darlington and Middlesbrough, Fabric provides fast access to J57, 58 and 59 of the A1(M). Acquired speculatively by Premcor some 18 months ago, the developer has spent the intervening period developing and submitting a detailed planning application for industrial and warehouse usage.
Units vary in size from 84,000 to 213,000 sq ft, can accommodate any design and build requirement and have detailed consent for Class B2 and B8 use (industrial storage and distribution) with ancillary offices. The range of accommodation available, for sale or to let, offers design and build opportunities with a Grade A specification including a target EPC rating of ‘A’ and a minimum BREEAM rating of Excellent, while rooftops will be solar PV ready.
Fabric is being marketed by Richard Scott, industrial and logistics director at Savills Newcastle. He added: “There are hardly any sites like this left across the region and Premcor was able to quickly seize the opportunity when it became available. We were talking to several interested occupiers before we obtained planning consent so we can now push forward in earnest to bring some of these discussions to a positive conclusion. It is certainly an exciting development opportunity to bring to market.”
Construction is scheduled to begin at the end of quarter two. The Harris Partnership (Wakefield office) is project manager and architect for the scheme.
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Property Regeneration Consultants Aspinallverdi Drive Growth with Key Appointment
Independent nationwide property regeneration consultants AspinallVerdi continue to expand with a key appointment at its office serving clients in the public and private sectors throughout the North East of England.
Neil Kohli joins the growing practice as a consultant at The Core, Bath Lane, Newcastle Helix, Newcastle-upon-Tyne. He arrives from Mysing Capital Group, a regional upmarket residential developer in the North East, where he worked as a development surveyor on luxury homebuilding projects from pre-construction to disposal including a 37-unit luxury scheme in Gosforth, Newcastle, a 70-unit apartment project in Gosforth and 16-unit development in Hexham, Northumberland. Prior to this, Neil achieved an MSc in Real Estate and BA (Hons) in Economics with Business, both at Northumbria University. He is working towards achieving membership of the Royal Institution of Chartered Surveyors (RICS).
Current and recent work for the Newcastle office of AspinallVerdi includes: • Providing acquisition, disposal and valuation advice to Homes England as a member of its Property Professional Services Framework;
• Advising Stockton-on-Tees Borough Council on its town centre regeneration blueprint; • Prepared reports to Hartlepool and Darlington Council on its commercial workspace strategies;
• Providing valuation reports in relation to Northumberland County Council’s FHSF projects;
• Providing Financial Viability Assessments for private clients in Ouseburn, Washington & Hetton.
Brett Devenish, director and head of the Newcastle office, said: “Bringing Neil into our team provides us with a unique area of expertise given his experience working directly for a developer, which will further enhance the specialist advice we can provide to our growing base of North East clients.”
Founded in 2009 by chairman Atam Verdi and managing director Ben Aspinall, the independent provider of property regeneration consultancy to clients in the public and private sectors now has a workforce of 26 at its headquarters in Leeds and offices in Newcastle-upon-Tyne, Liverpool, Birmingham and London.
Lendlease Appointed to Deliver The Sage International Conference Centre in Gateshead
Lendlease has been appointed by Gateshead Council’s development partner Ask:PATRIZIA to deliver The Sage International Conference Centre at Gateshead Quays. The announcement follows swiftly after Gateshead Council’s planning committee approved revised plans for the 61,440 sqm riverside scheme. Design amendments included re-location of the 344-room dual branded hotel to an adjacent site and the subsequent creation of an urban park utilising the remaining space which will create a pedestrian link from the Gateshead Millennium Bridge up to Hawks Road.
Enabling works have been taking place over the last two years and Lendlease plan to make a start on site later this year. With a GDV of £150m, The Sage International Conference Centre will be delivered in the first phase of the scheme and will include 5,720 sqm state of the art exhibition space, 2,520 sqm adaptable meeting space, 17 conference rooms and a banqueting suite. The first phase will also include the hotel and urban park. On completion The Sage International Conference Centre will be operated by ASM Global.
The revised plans for the relocated hotel were granted planning permission in March 2023. Russell WBHO has been appointed as contractor on the £48m building, which will be operated by Accor under its Novotel and ibis brands. The delivery of The Sage International Conference Centre will be followed by The Sage Arena which will also be operated by ASM Global and which will be completed under a separate construction contract.
In 2021 the scheme secured a naming rights partnership with Sage plc, the leader in accounting, financial, HR and payroll technology for small and mid- sized businesses, since then it has been known as The Sage. In January 2023, the scheme was awarded £20m from central government’s Levelling Up Fund Round 2. Designed by HOK Architects the project team also includes planning consultants Lichfields, engineers Cundall, QS Core Five, Planit-IE, Crowd Dynamics, Vectos and MEP consultants Desco.
COMMERCIAL PROPERTY MONTHLY 2023
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