Newcastle scheme funding secured

Funding is secured for a new office scheme in Newcastle, and construction is due to start later in the month, and it is schedule for completion in April 2022.

The office development would be called One Strawberry Lane, and would be six storeys tall, providing 70,000 sq ft of space.

The new occupier of the premise will be Home Group, the housing provider, who have taken a 30-year lease on the premises to use it as their new headquarters.

Michael White, head of UK property for Canada Life Asset Management which provided the £30m investment, said: “We are thrilled to be funding this project as we continue to invest in the North East. 

“As grade A office space One Strawberry Lane offered us the chance to support the development of a property which meets the highest standards in sustainability, efficiency and use.”

John Hughes, managing director of Ask Real Estate who secured the £30m funding, added: “Canada Life Asset Management’s investment is great news for the region and is a clear indicator of its commitment to funding prime grade A offices such as One Strawberry Lane.

“We have worked closely with all parties to achieve a timely completion to the transaction and look forward to starting on site imminently.”

Moving into brand new premises is a time to congratulate yourself for your success, but it is also the time, particularly if you intend to expand your staff roster in the future, to double-check that your existing systems can handle the increase.

Since it’s what we’re good at, we’ll talk about your time and attendance management system – the way that you record employee attendance and hours. Obviously this kind of a system is useful in waged roles, and if your premises is production or retail based, you likely already have some kind of system to measure these factors.

However, at Time and Attendance North East we believe passionately that time and attendance systems have their place in an office environment too. You might not need to know office staff hours to the minute, but our software and colourful graphical displays make it easy to record when they are late or ill, and to spot if there are any concerning patterns in their absences.

The WinTA.NET software also sends you useful alerts, such as if your team are exceptionally busy and risk breaching the European Working Time Regulations, or if someone is accidentally violating the minimum wage regulation.

Having your own purpose-built premises means that you can easily install physical clocking terminals in order to accurately measure your time and attendance. Our clocking terminals work either with employee fingerprints or facial recognition, or with contactless radio-frequency smartcards.

Talk to us today for more information or a quote designed around your specific requirements. Our system is modular and flexible, and can handle any number of employees.