New HQ for North East developer as multi-million pound office project completes

A North East real estate developer has moved to new headquarters in the centre of Newcastle.

Malhotra Group has moved its head office to 50 Grey Street, following a redevelopment costing more than £1.5m.

The building, which will now be known as Malhotra House, was purchased around three years ago for more than £4m and will be home to all 60 of the company’s head office staff once lockdown restrictions are lifted.

Italian restaurant Zizzi will continue to operate from the ground floor of the building, with the first floor of the building being let to Lloyds Bank.

Meenu Malhotra, group chairman, commented: “On a practical level, the move enables us to consolidate our head office operation to one, centrally located site.

“On a personal note, it embodies our commitment to preserving the heritage of the city centre, while always looking forward optimistically to the future.”