Newcastle city centre office becomes one of region’s “most premium” following refurbishment
Newcastle based commercial property consultancy Naylors Gavin Black has been appointed by a London based PLC to market “one of the best office spaces in the city” in a show of post-pandemic confidence in city centre working.
St James Gate has recently undergone an extensive refurbishment following a multi-million pound investment by owners, property investment specialists Palace Capital PLC.
Palace Capital has, in turn, appointed Naylors Gavin Black as joint agents with Knight Frank to market the refurbished office buildings at Nos 2 & 3 St James Gate, with a total of around 40,000 sq ft available.
The improvement works, which feature ‘plug & play’ internet access to enable hot-desking and a balcony with panoramic views across Newcastle, has created what is one of the only pillar-free refurbished open plan office spaces available in the city centre, offering a “flexible and adaptable space”.
Jessica Ross, an associate partner at Naylors Gavin Black, commented: “St James Gate is midway between Central Station, which is just two minutes away, and the exciting developments at Forth Goods Yard and Quayside West, placing the property at the heart of the developing quarter in the city.
“Palace Capital correctly identified that this is an area on the up, and has transformed the properties into an office complex fit for the post-pandemic era, with a focus on attracting occupiers from many sectors through installation of super-fast internet and a sleek, modern aesthetic running throughout the building.
Daniel Davies, senior asset manager, at Palace Capital PLC, added: “No. 2 and No. 3 St James Gate is one of Newcastle’s most premium office spaces, and one of the finest and accessible locations available to businesses anywhere in the North of England right now.
“We have undertaken this programme of refurbishment investment in response to the changing demands of businesses, which are looking to attract employees away from a solely home-working lifestyle following the Covid-19 pandemic, into a hybrid form that encompasses collaborative, in person team activities.”
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