Triple lettings cheer at Cobalt Business Park

Three new lettings have been announced by Highbridge at Cobalt Business Park. Secure outsourcing group G4S has taken an additional 10,000 sq ft within Cobalt 8 where they already occupy 30,000 sq ft. 

Meanwhile management consulting, technology services and outsourcing company Accenture have also taken an additional 10,000 sq ft within Cobalt 15a where they already occupy 20,000 sq ft. In additional IBM have acquired 5,000 sq ft within Cobalt Central.

Highbridge director Adrian Hill, said: “There can be no better endorsement of a scheme’s quality than major corporate occupiers taking a second building or taking additional floors within their existing building.

“Highbridge are very proud of the fact that at Cobalt 67% of the occupied floorspace comprises deals of this type where P&G, HP, EE, North Tyneside Council and, most recently, Accenture and G4S have all significantly increased the scale of their operations at Cobalt by acquiring additional floorspace.”

Aidan Baker, director at Newcastle Office Agency at BNP Real Estate, said: “Cobalt prides itself on offering modern and sustainable out of town office space, which continues to attract leading companies.

“We are currently in discussions with several other world-class businesses that are keen to secure the flexible, high quality space on offer and potential 2014 take up looks encouraging”.

Other major occupiers at Cobalt include Newcastle Building Society, Banco Santander, LS Trillium and Formica.

Cushman & Wakefield are joint agents on Cobalt.

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