Three new tenants sign to Baltic Place scheme in Gateshead
Three new tenants have signed to City and Northern and Robertson’s Baltic Place Scheme in Gateshead.
Santander, 1NG and NGi are the latest companies to sign up to leases at the 131,000 square feet office scheme at Gateshead Quays. The North of England Protecting & Indemnity Association became the first tenants when they signed up to 26,500 square feet last month (October). They took three floors of the Western Tower in the development at £18 per square foot. Santander has signed a 10 year lease for 4.200 square feet to house it’s corporate banking department on the ninth floor of the West Tower
1NG, Newcastle and Gateshead’s development company, and NGi, the destination marketing agency for Newcastle Gateshead, have also signed up for 9,500 square feet of office space in the East Tower for 10 years.
With these new tenants the scheme, which was only completed this summer, is now 30% full.
There is potential for a further 250,000 square feet of further space at the site next to Baltic Quays, which is part of the Robinson portfolio. However, a pre-let will need to be secured before any building work begins.