Newcastle office building planned to create business opportunities
The purchase of a Newcastle office building will open up new opportunities for start-ups and small businesses.
A syndicate of property investors has made a £1.5m investment in the current Scotswood House building, in Asma Court, Newcastle Business Park. The premises will be rebranded and refurbished, enabling it to hold 160 staff and 100 parking spaces.
"It is vitally important for us to support the region’s start-up businesses by providing flexible office space," said Kourosh Manoucheri from KSM Associates.
"The North East continues to create many successful entrepreneurs and SMEs which provide outstanding services, products and jobs for local people. The centre will not only create a place for people to work, but also a platform for a lot of businesses to thrive."
The investors were supported by Bradley Hall Chartered Surveyors and Gordon Brown Law Firm in acquiring the building.
"The investors are set to create a fantastic and flexible space which is ideal for the region’s micro businesses, small enterprises and growing organisations," said Richard Rafique, director at Bradley Hall.
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