Quintet of tenants signed at Newcastle’s Cobalt Park
Five new lettings totalling 42,579 sq ft have been agreed at Cobalt Park in Newcastle.
Serviced office provider Regus has taken a three-storey building measuring 30,000 sq ft, while cataract surgery specialist SpaMedica has taken 10,000 sq ft, both on a 10-year leases.
In addition, 2,579 sq ft will be occupied by retailers Geordie Banger Company and Hog Roast Deli, with bakery chain Greggs doubling the size of its current facility.
Five new lettings totalling 42,579 sq ft have been agreed at Cobalt Park in Newcastle.
Serviced office provider Regus has taken a three-storey building measuring 30,000 sq ft, while cataract surgery specialist SpaMedica has taken 10,000 sq ft, both on a 10-year leases.
In addition, 2,579 sq ft will be occupied by retailers Geordie Banger Company and Hog Roast Deli, with bakery chain Greggs doubling the size of its current facility.
Cobalt Park, which is operated by Highbridge Properties, provides 2.5m sq ft of offices set in 91 acres of green space. Other tenants on the park incluude Sage, Procter & Gamble, EE, Tesco and Newcastle Building Society.
Guy Marsden, founding director of Highbridge Properties, said: “Cobalt offers a dynamic environment for businesses to collaborate and grow and ticks all the boxes in terms of quality, sustainability and wellness.”
Pete Townend, associate director at @Retail, which acted on behalf of Highbridge, added: “The retail sector has faced challenges in recent years but the park’s location near transport links and amenities has enabled these deals to be secured and solidifies Cobalt’s position as a business hub with a variety of offerings for all.”
Naylors Gavin Black acted for SpaMedica and Regus.
To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews
Photo © Cobalt Park
