HP expand its presence at Cobalt Business Park

Hewlett Packard (HP) announced that they have lease an additional 24,596 sq ft within Cobalt 21, the gateway building at the UK’s largest office park.

HP advised by CBRE has decided to expand its presence at the business park, where it already occupies two buildings at the Cobalt Business Park, 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.

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.”

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.”

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