1 Citygate, Newcastle, fully let within months of PC

Deal Completion Date:

March 15, 2024

Parker Knights were appointed joint agent on the vacant three floors extending to 20,000 sq ft in 2022. The Landlord invested 7 figures into the refurbishment scheme to include externals, reception, common parts and floorplates.

The building was 75% let ahead of practical completion with the remaining 25% let within 6 months following practical completion.

New headline rents for the building were set ranging from £24.00 to £32.00psf with a mix of CAT A and CAT B suites offered.

A blend of strong covenants were delivered on a strong asset and a great result for our client Catella APAM.

We delivered the scheme to include sustainability credentials with an amenity rich environment which was key to attracting the new tenants.

Client: APAM – Andrew Day

Client Statement

Catella APAM appointed Parker Knights as joint letting agent of 1 Citygate in Newcastle city centre. The instruction was a great success, as the office space available in the building was 75% let on practical completion (PC), with the remaining 25% under offer within 6 months following PC. Their initial input on design, through to executing the marketing strategy was invaluable and we look forward to working together again in the future.

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