EY has signed to occupy the entirety of Britannia Invest’s One CityGate East in Newcastle.
The 22,950 sq ft office building at the junction of St James Boulevard and Gallowgate has been extensively refurbished since the end of its lease to Newcastle University in 2015.
EY’s rent has not been disclosed, but the quoted rent was understood to be £22 per sq ft.
Britannia Invest is an investment company for Danish pension funds, to which Cording Real Estate Group provides investment management services.
Mark Hatton, senior partner at EY in the North East, said: “This latest significant investment in the North East reflects our ongoing commitment to delivering growth in the region, as well as our belief that it is a great place to do business and recruit some of the best professional services talent.”
Cording was advised by Lambert Smith Hampton; EY was represented by Cushman & Wakefield.
• To send feedback e-mail louisa.clarence-smith@estatesgazette.com or tweet @LouisaClarence or @estatesgazette
