Newcastle’s Generator Studios achieves full capacity
Newcastle business hub Generator Studios has reached full occupation, following the letting of three remaining suites on site.
Allay, which assists consumers in claiming refunds for mis-sold PPI policies, is the most recent business to take up space at thesite. The firm has committed to a further five year lease while taking an additional 3,950 sq ft space.
Atlas Cloud, which delivers and manages virtual IT solutions, has also entered into a new 10-year studio lease at the site.
This follows the recent expansion of hedgehog lab, Edward Robertson and Fuse Telecom, which also took further space in June and March of this year respectively.
Other tenants in the building include: Black & White Engineering, Foster Findlay Associates, Gardiner Richardson, Gem Partnership, LogicNow, and QuantuMDx.
Aidan Baker, director at BNP Paribas Real Estate said: “In the current economic climate it is very satisfying to not only to agree three new leases, but also to see companies growing within the award-winning Generator Studios, illustrating the flexibility of the accommodation on offer. Since its conception, we have seen exceptional interest in this excellent, well-located studio accommodation.”
Jamie Mableson investment director at Metnor commented: “These lettings take the space at Generator to an occupancy level of 100%. When we developed this space we were always confident that it would attract good quality occupiers.”
Pete Watson of Atlas Cloud added: “Generator was an ideal new base for its operation. The new work space will allow the company to grow in the North East region. An inspiring working environment is important to our staff and our clients as well as being close to the thriving city centre and all its amenities.”