Orega, the flexible workspace provider, has made a new long term Management Agreement with Palace Capital plc to create a high spec ‘best in class’ flexible workspace at No 2 St James’ Gate, Newcastle upon Tyne. Following a comprehensive refurbishment to be undertaken over this Summer, the new space will open in Autumn 2023.
Orega will be creating 22,500 sq ft of newly refurbished flexible workspace to provide around 400 workstations on the second and third floors of the of the seven-storey, 82,500 sq ft building.
This is the first time Orega has opened flex space in Newcastle. It now operates from 25 offices from across the UK including 11 in the North of England and Scotland.
No 2 St James Gate has been newly refurbished and offers some of the highest quality space in the city, including a contemporary and stylish reception area, together with open plan Grade A office space with panoramic views of the city. It offers one of the only column free floor plates in the city providing very flexible and adaptable accommodation.
It lies at the gateway between Central Station and the Forth Goods Yard and Quayside West Development Area, which extends to the south and west. This area is set to deliver a significant number of new homes, offices, leisure and public open space with the result that St James’ Gate will be at the heart of an increasingly important business, leisure and residential district of Newcastle City Centre.
Its proximity to St James Boulevard and the Redheugh Bridge, provides excellent access to the A1 North and South.
Newcastle International Airport is located to the northwest of the city with daily flights to Stansted, Heathrow and Gatwick and flies to over 85 worldwide locations.
The new workspace is designed to be a modern, flexible base for the area’s professional and financial businesses, and will offer brand new:
Design-led space that focuses on hospitality.
A wide choice of different working zones space
Large meeting room suite
More space person than the industry norm
On-site shower and changing facilities.
Unlimited barista-quality coffee
Secure bike parking
Ben Hutchen, Real Estate Director at Orega, commented: “No 2 St James Gate has been refurbished into a contemporary and stylish building, to create modern sustainable Grade A office space in a growing and vibrant city. There has been growing demand for high quality flex space in Newcastle to service the changing needs of its local businesses and we are committed to doing more in the City.”
We believe we will attract much interest from businesses who are increasingly looking for a flexible way to occupy property but also require high quality “state of the art” space, a trend showing no sign of slowing down across all cities of the UK.”
Daniel Davies, Head of Asset Management at Palace Capital said, “We are excited to be in partnership with industry specialists Orega to produce this amenity-led, best in class flex office space, which we believe will be extremely popular with businesses in Newcastle.”
