Member Article

Condeco relocates to Grey Street

Condeco Software, a global leader in integrated workplace management technology, has relocated from Cobalt Business Exchange to Gainsborough House, Grey Street, the 26,000 sq ft building which has been fully refurbished by LRE Capital.

Rebecca Maddison, Associate at Knight Frank, who brokered the deal and is joint letting agent with Naylors, says the letting is a great demonstration of a Newcastle tech company scaling up which is testament to Newcastle’s continuing reputation as one of the fastest growing tech economies in the UK.

The letting of the first floor suite, which follows the letting of floor two to Manpower, has set a new headline rent for the building at £18.50 per sq ft.

“Occupiers are looking for buildings that can assist them with attracting and retaining staff. Gainsborough House is a prime example of a perfectly located building with amenity on the doorstep and refurbished to a high standard that occupiers can enjoy,” adds Ms Maddison.

“This demonstrates that properties refurbished to the right specification have great potential to provide outstanding space that is attractive to employers and employees alike.”

This was posted in Bdaily's Members' News section by Knight Frank .