Acting on behalf of Spectrum Business Park, our Newcastle agency team has let two of the three floors of Spectrum 5 to Northumbrian Water.
Spectrum Business Park is one of the region’s fastest growing business parks and following the letting of 27,000 sq ft to Northumbrian Water, the park is now over 75% occupied.
John McGovern, Head of Asset Delivery at Northumbrian Water, said: “This move will create one central hub for our infrastructure teams and gives us the opportunity to work closer with our framework partners under one roof. Moving into Spectrum 5 will strengthen the collaborative working relationships we have and ultimately help deliver an unrivalled service to all our customers.
“After looking at a number of locations around the North East, we felt Spectrum Business Park ticked all the boxes in terms of location, quality of office space, transport links and parking, which were all major influencing factors given how many people will be based here.”
Paul Wellstead, the property developer of Spectrum Business Park, said: “Securing Northumbrian Water as our newest tenant is a real coup for Spectrum Business Park and demonstrates just how far the park has come since I started creating my vision over 10 years ago.
“It’s also testament to the improvements which are evident, and the investment made, across Seaham, which is now home to some of the region’s fastest growing public and private sector companies.
“My hope is that having Northumbrian Water occupy the top two floors of Spectrum 5 will generate interest from some of its partners, and the remaining floor will quickly become occupied.”
Robert Patterson, head of our agency team, said, “We are delighted to have assisted Northumbrian Water with their office move. Spectrum Business Park is proving to be one of the most desirable places to work in the North East and following this significant letting it is great to see the park over 75 percent occupied.”
To view the remaining office spaces available at Spectrum Business Park please click here.