Portfolio-ISSUE10 96ppA4-BH (1) - Flipbook - Page 81
Transformation of multi-million pound
Newcastle business hub takes shape
the revamp of a multi-million-pound
office building in the centre of
Newcastle is close to completion.
The rebranded Hadrian Newcastle
development in the centre of the city
following the building’s acquisition by
SONA Estates last year.
Situated behind the city’s Laing Art
Gallery, the £5m oce block - formerly
known as Hadrian House - has undergone
an eight-week makeover project.
SONA Estates is working with Bradley
Hall Chartered Surveyors and Estate
Agents in bringing the site to market.
Bradley Hall director Richard Raque
said: “The Hadrian Newcastle project has
created a fresh, modern and exciting
accommodation for our local businesses.
There is an abundance of opportunity in
our region’s capital and we look forward
to playing a part in progressing the
refurbishment of a space which has so
“Despite current challenges,
commercial property activity continues
ISSUE 10 : AUTUMN 2020
and we are still welcoming a wave of
enquiries and interest in opportunities
from a number of sectors and industries.”
Director Omar Parbani said:
“Newcastle is an exciting and attractive
place to invest. It is home to some
outstanding businesses and in particular is
a hub for start-up and SME organisations.
“Its business community is impressive,
and we felt this would be an excellent
opportunity to add to our portfolio in the
region and oer something dierent for
the city centre.
We have been working tirelessly with
experts in a range of elds to provide a
creative oering which will service
businesses and provide a space which
they are proud to occupy. We look
forward to hosting a range of showcase
events and opening later this year.
“In addition, we have been very
conscious of the economic climate, and
subsequently pricing of the space will be
at £12 per sq ft, in order to help local
businesses reduce their overheads at this
Aptus has led the project, which has
included the remodeling of the common
part areas of the building.
Chris Price, commercial director at
Aptus, which is based at Hoult’s Yard,
commented: “We’d like to thank SONA
Estates for giving us such a great
opportunity to demonstrate the positive
impact a project like this can have on the
appeal of an oce building, and to
showcase what we can do to add value to
“It’s been fantastic to work on a
scheme as creative and collaborative as
Since the project began, existing
tenant Zurich Insurance Group has
committed to a new 10 year lease, while
global charity Oxfam has taken occupancy
of a 3,800 sq. ft. suite in the property.
SONA Estates director Omar Pabani
added: “We have carefully considered the
consumer journey from the external
approach into the building and
throughout, with the ultimate aim of
delivering something special for
Newcastle’s oce occupiers.”