Rapid expansion at Accenture triggers fourth acquisition of space at Cobalt Park

February 21 2016 Rapid expansion at Accenture triggers fourth acquisition of space at Cobalt Park

The growing tech firm, which this week announced a new MD, has grown its capacity yet again at Cobalt, having trebled in size in five years.

Growing tech firm Accenture has expanded its North East capacity for a third time, boosting its work space by more than 17%.

The technology and management consultancy firm has added a further 14,772 sq ft to their initial expansion at the Cobalt Business Park, in which they took up 41,031 sq ft of space at Cobalt 9C.

And the new expansion is in addition to the 30,515 sq ft it moved into in 2012, now totalling 86,000 sq ft.

The IT services giant has trebled staff numbers at its Newcastle Delivery Centre over the five years since its launch, expanding into their second building at their Cobalt Park base Accenture to move 600 staff in this month.

Accenture’s expansion comes as the business announces a new managing director for the Newcastle Delivery Centre, as Bob Paton prepares to step down after 24 years with the company. Mark Larsen, 46, will lead the site’s activities, supported by Allan King in a deputy role as well as a newly formalised board.

Adrian Hill, Highbridge Properties Plc director, said: “We are delighted that Accenture, a world leader in their field of professional services, has chosen Cobalt as the focus for their expansion.

“This is the third time Accenture have expanded at Cobalt after taking an initial 20,000 sq ft in 2012 (Cobalt 15A) Accenture now occupies over 86,000 sq ft at Cobalt –the UK’s largest office park.”

“The deal provides a great start to 2016 and adds to other recent lettings totally 250,000 sq ft. “

“The fact that they and six other major organisations have chosen to expand via the acquisition of additional office space at Cobalt is the best possible endorsement of the scheme’s quality and the strength of its connectivity.”

Aidan Baker, director of agency at BNP Paribas Real Estate, the joint letting agent for the scheme and broker of the deal added: “Cobalt’s scheme quality and transport links coupled to access to a full range of amenities has led to the unrivalled take up and clearly proves the location is a major success story for North Tyneside and the region as a whole.

“Cobalt has a recruitment catchment of over 1.1 million people and is able to support a wide range of amenity and retailers including one of the country’s most successful Tesco Express stores operating within Cobalt Central.

“The 11 lettings over the past two years have increased Cobalt’s workforce to around 14,000.”

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