"Prestigious" Newcastle Quayside site sold in multi-million pound deal

A specialist property consultant has announced that it has secured the multi-million pound sale of a “prestigious” site at Newcastle’s Quayside.

Commercial Property Partners (CPP) has successfully facilitated a multi-million-pound deal for the sale of a multi-let office, car park and residential investment in the heart of Newcastle’s Quayside.

The mixed-use building, which was built in 2004, spans ten floors, with the first floor currently occupied by the Crown Prosecution Service (CPS) and 92 residential apartments across the third to tenth floors.

Robin Bullas, director at CPP, commented: “We’re delighted to have secured the sale of St Ann’s Quay & St Ann’s Car Park Quayside, Newcastle.

“The property occupies a very prominent position with broad views of Newcastle’s iconic bridgescape, the Baltic Centre for Contemporary Art and the Sage Music Venue. Surrounding leisure occupiers include The Malmaison Hotel, Pitcher & Piano, Gusto, Starbucks and Las Iguanas.

“The Quayside itself offers an impressive, landscaped working environment, and a good range of leisure facilities that are attractive to both commercial and residential tenants.

“This deal is reflective of ongoing confidence within the commercial market across the North East, and is further news for the local and regional economy.”

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