North East The North East Property Market is Shining
Rainton-Bridge
North East England has long been a prime location for businesses to locate and grow.
Businesses located here
have continued to expand in the region, and new investors moving here have made North East England their home.
The availability of suitable sites and properties is a key driver for any company looking to relocate, and North East England has a lot of exciting new developments underway.
Over the last few years, there have been some transformational investments
into the region including the Saudi Public
Investment Fund buying Newcastle United FC, Legal and General taking a stake in the Riverside Sunderland development on top of its activity in Newcastle, and Britishvolt constructing its new 30GWh gigaplant in Northumberland. All of these have put the region on the global map for investment.
And it doesn’t stop there. There are many new developments being brought forward by the public and private sector that will support new investment and regeneration.
The award winning Newcastle Helix has seen the recently completed Lumen and Spark office buildings secure a range
56
of occupiers in this amazing site – a real mix of innovative businesses, academia, science, national innovation centres and soon, residential. Also in Newcastle city centre, the first phase of 400,000sq ft of grade A offices is well underway at Bank House. HMRC’s recent commitment to develop its Pilgrim’s Quarter complex, hosting 9,000+ staff by 2027 is the final piece in the well-overdue revitalisation of this strategic city centre location. Over in Gateshead, a game-changing development, The Sage, is currently under construction and due to open by 2024. This nationally significant development will include a new 12,500 capacity state-of-the-art arena venue, an International Conference and Exhibition Centre, two new hotels and a range of restaurants and bars. Nestled between Sage Gateshead and the BALTIC Centre for Contemporary Art, the new development fits perfectly between these two North East cultural icons and offers a huge opportunity to further grow the North East’s dynamic business and leisure tourism offer.
Sunderland’s city centre is also receiving a huge amount of new investment, particularly the Riverside Sunderland site, which is located on the site of the former Vaux Brewery. The award- winning City Hall is the centrepiece of a vibrant new office and residential quarter overlooking the River Wear. The Beam
COMMERCIAL PROPERTY MONTHLY 2022
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
