Former Sage UK headquarters up for sale in Newcastle
Accounting and payroll firm Sage has put its former headquarters in Newcastle up for sale, in a move which could lead to a redevelopment of the 29-acre site.
Cushman & Wakefield has been brought in to sell the 212,800 sq ft office building on either a leasehold or a freehold basis, and it has been earmarked for a number of purposes “beyond its current office use”.
The building, which was purpose-built for Sage in 2004, sits within North Park, a major plot of land six miles from the city centre, and includes several car parks and vacant land to the north of the company’s offices.
Accounting and payroll firm Sage has put its former headquarters in Newcastle up for sale, in a move which could lead to a redevelopment of the 29-acre site.
Cushman & Wakefield has been brought in to sell the 212,800 sq ft office building on either a leasehold or a freehold basis, and it has been earmarked for a number of purposes “beyond its current office use”.
The building, which was purpose-built for Sage in 2004, sits within North Park, a major plot of land six miles from the city centre, and includes several car parks and vacant land to the north of the company’s offices.
Cushman & Wakefield partner Greg Davison said: “The Sage building occupies a significant site on the outskirts of Newcastle and offers an unrivalled opportunity within the region, with a wide range of possible uses beyond its existing office use, including residential, assisted living and mixed-use development, subject to planning.”
Sage, a London-listed accounting technology provider, will move to Cobalt Business Park, also in Newcastle. It announced that it would leave its current base in 2019.
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Photo courtesy of Cushman & Wakefield
