Global tech firm Hewlett Packard expands its base at Cobalt Business Park

The world's largest technology company expands at UK’s largest business park-

Highbridge are delighted to announce the expansion of Hewlett Packard (HP), the world's largest technology business, at Cobalt Park, the UK’s largest office park located in North Tyneside, by leasing an additional 24,596 sq ft within Cobalt 21.

HP advised by CBRE has decided to expand its presence at the business park, where it already occupies two buildings, by securing space on the second and third floors of Cobalt 21b. HP’s total campus space a Cobalt now amounts to 170,000 sq ft. Cobalt 21, the gateway building located at the southern entrance to the park, is occupied in part by Newcastle Building Society. The building provides a state-of-the-art office benefiting from large, efficient floor plates arranged over four floors with a stunning 4 storey atrium.

Matthew Wylie, Global Real Estate Hewlett Packard “HP’s decision to further commit to the region was supported by the flexible and modern office buildings located at Cobalt Park. In addition, the Park also benefits from unrivalled travel links.”

Adrian Hill, director, Highbridge commented, “The fact that six major occupiers have expanded by taking additional buildings or additional floors at Cobalt is already a testament to the development’s quality. HP now becomes our first occupier to expand for the third time within Cobalt – there can be no better endorsement of the scheme’s quality.”

Elected Mayor for North Tyneside, Norma Redfearn said “We are delighted that HP have decided to further expand in North Tyneside. HP will be creating a number of high calibre jobs for local people and we look forward to supporting the company with its ongoing growth plans in the future.”

Aidan Baker, director, Newcastle office agency at BNP Paribas Real Estate, added: “HP is the fourth company to expand its space at the Park in the last six months, following G4S securing 10,000 sq ft at Cobalt 8 and Accenture securing 10,000 sq ft at Cobalt 15a. IBM also secured 5,000 sq ft at Cobalt 4 earlier this year.

Cushman & Wakefield are joint agents on Cobalt

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