New office lettings at One Citygate, Newcastle

Catella APAM, the specialist UK & Ireland real estate asset manager, is pleased to announce two lettings at One Citygate, one of Newcastle’s primely located office buildings on behalf of client Britannia Invest A/S.

Situated within one of Newcastle’s most prestigious business districts, at the top of St James Boulevard, the building provides both Cat A open plan office suites as well as fully fitted spaces ready for occupation, featuring kitchen space, break-out areas, desks and meeting rooms.

Following the refurbishment, Burnetts Solicitors LLP have taken the entirety of the 7th floor extending to 5,528 sq. ft, and Handelsbanken PLC have acquired 3,700 sq. ft on the 6th floor.

Andrew Day, Head of Asset Management (North) at Catella APAM, said ‘‘One Citygate is in an excellent location and is readily accessible to transport and the city’s fantastic retail, leisure and F&B offering. Our significant investment in the building again demonstrates APAM’s in-house ability to deliver best-in-class, fully fitted solutions for occupiers, complemented by a strong amenity offering and ESG strategy.”

“The new agreements with Burnetts and Handelsbanken demonstrate the continued demand for well-located, best-in-class office space which allows businesses to easily align their local property requirements with their national business strategy so they can concentrate on their day-to-day operations.”

Michael Downey, director at Parker Knights, commented, “We anticipated strong interest in One Citygate with the market seeking quality, sustainable offices with flexible floorplates, and we managed to secure both lettings ahead of PC. We have the 2nd floor and part of the 6th floor available to let with strong interest in the remaining space.”

Patrick Matheson, partner at Knight Frank, added, ‘‘The shift towards occupiers wanting to occupy the very highest quality office space is continuing in Newcastle, and these lettings, to two high-profile businesses in the city, is testament to APAM’s positive approach and investment in repositioning One Citygate into an exceptional workplace offering.”