Training organisation purchases new office to accommodate expansion
A North East training organisation has purchased a 40,000 square foot office building to accommodate their expansion plans.
TDR Training has acquired QI at Quorum Business Park in Newcastle for an undisclosed sum.
The charitable trust works to promote science technology and engineering as positive career options for young people after leaving school.
Bill McGawley, OBE, TDR Chairman said: “Given the continuing need for quality staff with a bias towards engineering, science and technology we are making a significant and growing contribution to the region’s economy.
’As a result we have been seeking a prestigious base to accommodate our expansion plans and therefore instructed Gavin Black & Partners to carry out a search on our behalf.
“Now that this important acquisition is agreed it means that all of our training and development will be delivered from our new facility from this summer.
“All our current programmes will be enhanced by this new facility which will create a true learning environment.”
Newcastle firm, Gavin Black & Partners represented TDR in the acquisition of the new three story office space .
Martyn Collins, Partner, Gavin Black & Partners, says he carried out a very extensive search across Gateshead and north of the river Tyne.
He said: “We had a clear brief in terms of size, quality and connectivity and Q1 certainly matched all these requirements,”
Quorum Business Park is one of the largest speculative office developments in the UK outside central London and is currently home to occupiers including IBM, Tesco Bank, Convergys and Balfour Beatty, the sale was made by Newcastle property firm, Jones Lang LaSalle.
Simon Taylor, Associate Director at Jones Lang LaSalle said: “This is a significant step for TDR Training who have made the move from being a tenant in Gateshead to owning their own high quality building at a leading business park in Newcastle.
“Quorum offers great opportunities for businesses to upgrade the quality of their office accommodation and in many cases without an increase in costs.’
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