The North East Growing Broker Sees Benefits of Doing
Business in South Tyneside An employee benefits specialist based in South Shields has marked its 30th anniversary with the opening of a new customer focus hub.
The Health Insurance Group, which helps businesses across the UK to better provide for their staff, has opened a new customer focus hub at One Trinity Green.
Set up in 1993, the company has proven a real North East success story, operating offices in South Shields and Sutton Coldfield and working with over 300 clients from Aberdeen to Andover.
Underpinning this growth, according
to employee benefits specialist, Adam Brown, has been ‘the huge shift in post- covid employee expectations and the UK’s ongoing ‘recruitment and retention crisis’.
“Over the past two years, people have really begun to value employers who go above and beyond to help them achieve a better work life balance and this is something we have seen first-hand,” he said.
The opening of the new customer focus hub at One Trinity Green will see The Health Insurance Group continue to invest in South Tyneside, where it has been headquartered
since its inception 30 years ago.
One Trinity Green is a managed workspace in South Shields owned by South Tyneside Council offering professional managed space for new and growing companies.
The three-storey building offers flexible office, workshop and hybrid units with offices ranging in size from 16 sqm - 53 sqm, workshop units of 83 sqm and hybrid units of 178 sqm.
Cllr Margaret Meling, lead member for economic growth and transport at South Tyneside Council, said: “It is fantastic to see The Health Insurance Group continuing to
invest in the borough and create opportunities for local people.
“We opened One Trinity Green with the aim of providing the borough’s businesses with the space and flexibility required to help them innovate and grow and this is a fantastic example of how it is continuing to do just that.
“The company is a real success story for the borough, and we’re proud to be supporting them on their journey.”
For more information on South Tyneside as a place to do business, visit: https://
investsouthtyneside.com/
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New Train Line is on the Right Track, Says Leading House Builder…
A LEADING North East house builder has welcomed the Northumberland line, which it says will be a major boost for buyers. Work is now underway on the project to re-introduce direct passenger trains between south-east Northumberland and the centre of Newcastle.
And Miller Homes North East said the six new stations, at Newsham, Blyth; Northumberland Park, Seaton Delaval; Blyth Bebside; Bedlington and Ashington, will give buyers options that haven’t existed since the previous lines were closed in the 1960s.
The 18-mile line is expected to open in summer 2024. North East Commercial Property Continues to Buck Trends
Continued investment flooding into the North East’s cities
key and industrial
hubs is leading to increased demand for commercial property.
That is
Bradley Hall, a full-service property
according agency
with seven offices stretching from Alnwick to Tees Valley.
Over the past 12 months, the company’s commercial teams have seen lettings and sales of office, industrial and leisure property ‘increase significantly.’
Analysis by the firm of the latest North East market data by CoStar also shows that, despite challenging conditions across the industry, the region continues to outperform the national average, showcasing its ‘resilience and potential.’
Key to this, according to the data gathered by the world leader in real estate information, has been the multitude of Grade A office and industrial developments currently being developed across the region.
Developments include HMRC’s commitment to build a 460,000sq ft regional hub at Pilgrim’s Quarter; the £400million International Advanced Manufacturing Park (IAMP) adjacent
36 to
to Nissan; Maker & Faber, the £100million Legal & General-backed Grade A office scheme at Riverside Sunderland; and the ongoing development of Durham’s Millburngate.
Richard Rafique, Managing Director – Commercial at Bradley Hall,
“From Strawberry Place to Riverside Sunderland, Millburn Gate and TeesAMP, the North East is undergoing a regeneration programme not seen in generations and we have certainly bore witness to that.
“Over the past 12 months, we’ve seen industrial sales, investment opportunities and office sales and lettings all increase significantly, despite the many challenges facing the sector.
“And with more spades set to break ground and more cranes set to pepper our city skylines over the next 12 months, we’re wholly confident that while the national picture may be cloudy, the bountiful opportunities for businesses and investors looking to capitalise on the North East’s resurgence are clear for all to see.”
One of the sector’s hardest hit by the cost-of- living crisis and still reeling from the impacts of the pandemic however is the hospitality sector, yet this has done little to dampen the spirits of investors. Buoyed by the development of a new Dakota Hotel
said: “Cranes seem to have
dominated the skylines of our key cities throughout the past year and long may it continue.
on the former St Ann’s Wharf building on Newcastle’s Quayside – brokered by Bradley Hall -, the sale of the freehold of the Hotel Indigo in Newcastle for £13.8 million to KE Hotels and the opening of the new Holiday Inn at Riverside Sunderland, and Rafique believes there is still a lot of reasons to remain positive about the sector’s fortunes.
“We were delighted to work with Dakota on the acquisition of what is a prime site on Newcastle’s Quayside this month, but that is just one of the many success stories from the sector over the past year,” he added.
“As well as brokering multiple deals for The Inn Collection Group, we’ve also secured multiple lettings underneath the Holiday Inn at Riverside Sunderland and we’ve seen new bars open up in Durham and Newcastle.
“So, while the sector may still be recovering from the ills of the pandemic, it’s clear that it has done little to deter investment.
“In fact, the ever-going transformation of our city skylines, combined with an increase in the number of businesses relocating to the region, means there could still be plenty more deals to follow over the coming months ahead as more and more people look to the North East as a desirable place to live and work.
”For more information on Bradley Hall, visit:
https://www.bradleyhall.co.uk/
COMMERCIAL PROPERTY MONTHLY 2023
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