hedgehog lab, the Newcastle-based global technology consultancy, has expanded its headquarters at Generator Studios following revenue growth of 300% last year and the expansion of its global workforce from 14 to 115 people.
The firm, which has offices in London, Boston, Austin, Denmark and Hyderabad, India, has leased space extending to circa 7,500 sq ft for its Newcastle employees having outgrown the initial 1,700 sq ft of space acquired in 2012.
Generator Studios, a 42,400 sq ft scheme owned by Metnor Property Group Ltd on Trafalgar Street, Newcastle, provides strategically-located studio accommodation in a Grade II-listed building. The building offers a range of small to large suites of contemporary design and innovative working space with ample expansion opportunities, attracting a number of high-tech occupiers in recent years. The building benefits from a 1Gb superfast broadband connection providing outstanding data connectivity.
Business telecoms provider Fuse Telecom has also taken further space at Generator Studios. The expanding firm has doubled its floorplate in order to meet demand for its new business, Fuse Connect, which provides 4G data connections and access solutions for construction sites and remote locations.
Aidan Baker, director in BNP Paribas Real Estate’s Newcastle office, said: “The acquisition of further space by hedgehog lab and Fuse Telecom illustrates the accommodation’s flexibility, affording expansion opportunities that are rarely available within city centre space to companies of all sizes. The studio offices continue to prove popular to a wide variety of occupiers, with only three suites totalling 5,500 sq ft available.”
Jamie Mableson, investment director at Metnor Property Group, said: “We are delighted that both hedgehog lab and Fuse Telecom have decided to expand their presence within Generator Studios. The building has won several awards for its contemporary design and innovative working spaces and continues to be popular with a range of businesses.”
BNP Paribas Real Estate advised Metnor Property Group Ltd; hedgehog lab and Fuse Telecom were unrepresented.