Portland House, Newcastle, 60,000 sq ft Grade A Office Scheme Fully Let

Deal Completion Date:

May 16, 2024

Parker Knights were appointed joint agent on Portland House in 2022. The Landlord invested 7 figures refurbishing the entire building, creating one of the best office products in the city. Michael Downey at Parker Knights helped with initial design input right through to overseeing a number of lettings, which ranged from 1,500 to 10,000 sq ft.

The headline rent for the building increased throughout lettings from £22.00 to £25.00 psf.

New occupiers included a mix of law, wealth management, tech, recruitment and surveying firms.

Portland House presented more than traditional office space. There was a separate communal area offering occupiers access to free meeting rooms, conference area, hot desking and a high end barista station. Other building features including showers, lockers, bike storage and drying rooms. A number of sustainability credentials were highlighted to occupiers, which included a ‘B’ EPC rating.

Client: Oliver Holland & James Keegan

Client Statement

James and I have been delighted to work with Parker Knights since its launch. Michael’s reputation as a leading office agent is well established in the northeast, and we have been consistently grateful for his resourcefulness, willingness to ‘pound the pavements’ for leads, and his total engagement in Portland House. It is rare to find an agent who makes you feel like your instruction is his sole focus (especially when he is the ‘EG’s Northeast Top Individual Dealmaker’!) but with Michael’s constant lettings, great reporting, and pragmatic advice we have never felt anything else.

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