The BBC Pension Scheme has bought central Newcastle office Time Central from Credit Suisse for £24.7m – a 6.2% yield.
The price is the highest paid for an office in the city for several years.
DTZ acted for the BBC; Knight Frank acted for Credit Suisse.
chris.berkin@estatesgazette.com
Tyrrell said the Spending Review could give London the impetus to attract private investment
Filed an environmental impact assessment application alongside its JV partner Fusion Students
The facility forms part of the wider £500m regeneration masterplan
The proposals are expected to guide future investment around the area
