Arup has signed a 15-year lease for 20,000 sq ft of office space at 1 Citygate, Newcastle, in a deal agreed by Parker Knights acting for landlords Britannia Invest A/S and Catella APAM, jointly with Knight Frank.
| Detail | Information |
|---|---|
| Tenant | Arup |
| Size | 20,000 sq ft |
| Lease term | 15 years |
| Building | 1 Citygate, Newcastle |
| Landlord | Britannia Invest A/S and Catella APAM |
| Landlord agent | Parker Knights |
The deal
Arup is relocating to 1 Citygate from Central Square North, Newcastle.
Andy Johnson, director at Arup, said: “We are delighted to be relocating to 1 Citygate. This move reinforces our long-standing commitment to the region and provides a strong platform for continued business growth, building on our successful 60-year presence.”
William Grenfell, Catella APAM associate director, said: “We have continually invested in 1 Citygate, and Arup’s 15-year commitment is testament to that.”
Michael Downey, Parker Knights’ managing director, said: “The comprehensive refurbishment has created a workspace that attracts occupiers of the highest calibre; 1 Citygate continues to go from strength to strength.”
FAQ
Q: How much office space did Arup let at 1 Citygate?
A: Arup let 20,000 sq ft of office space at 1 Citygate, Newcastle.
Q: How long is the lease?
A: Arup signed a 15-year lease at 1 Citygate.
Q: Who acted for the landlord on the letting?
A: Parker Knights acted for landlords Britannia Invest A/S and Catella APAM, jointly with Knight Frank.
Q: Where is 1 Citygate located?
A: 1 Citygate is an office building in Newcastle city centre.
Q: Where was Arup previously based?
A: Arup previously operated from Central Square North, Newcastle, as part of a 60-year presence in the region.
