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A community starts to take shape at park

Jul 25 2007

by Graeme King, The Journal

 

THE perception of progress at Newcastle Great Park may have focused on the Sage headquarters and a great deal of housing, but the autumn could see significant steps forward in providing more business space and on building the town centre.

Major business addresses such as the Regent Centre have already demonstrated that Gosforth has many attractions as a location for business.

But whereas the Regent Centre has created jobs for many thousands, Newcastle Great Park is still in its infancy.

The most obvious commercial building is the Sage headquarters and the company has already announced it is to go ahead with further expansion of this major international office in the not too distant future.

But for immediate action, beyond the continuing development of housing, is the speculative development of two 30,000sq ft office buildings. This is the much needed statement that Newcastle Great Park is indeed being developed as a total community with a very large slice of business space.

In all 500,000sq ft are planned for the areas between Sage and the A1. The buildings to be developed, as a start of this business park in a parkland setting, will offer 10,000sq ft floorplates and a high specification, including an iconic design statement. Lease terms are flexible with both leasehold and freehold options.

As a location, the business park has two main advantages – immediate access to the A1 trunk road and just minutes from Newcastle International Airport with its scheduled flights to 20 UK and European cities.

The town centre is also likely to see a start on site this autumn. It is also close to the business park and will eventually be a pivotal link between the residential and business elements of Newcastle Great Park.

Paul Nicholson is director of agency at Atisreal in Newcastle.

 

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Commercial Property

Work on Lite-On site set to start next year Aug 8 2007
A MAJOR new development in Ashington will see more than 100,000 square feet of industrial units created at the former Lite-On factory. The site, now known as North Seaton Business Park, is being developed by Spencer Holdings from St Helen’s in the north-west. more

Popular city centre comedy club is to be extended Aug 8 2007
PLANNING permission has been secured for an extension to the popular Hyena Comedy Club in the centre of Newcastle. Architects CSM, based in the Ouseburn area of the city, have won permission for a ground floor extension to the club. more

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DEMAND for commercial property in the North-East remained steady in the second quarter of 2007, while the London market moved ahead, apparently showing a widening of the North/South property divide. more

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THE last four weeks has seen a distinct cooling in the global economy as the true force of interest rate rises in the UK and US come to bear. Venture Capital Funds are cooling as, in turn, are equities and the UK property market. more

In heart of town Aug 4 2007
POPINJAYS Restaurant, located on Hide Hill in the heart of Berwick -upon-Tweed, is a well established business. more

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Business News

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£2m homes deals in frame for pair Aug 9 2007
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PROFITS at Gateshead construction company Tolent have fallen by nearly 30% to £1.5m in the first half of 2007. Aug 9 2007
Turnover also suffered – falling nearly 10% to £76.2m as several contracts suffered delays. more

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