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Letting secured for Newcastle’s Pilgrim Place
A new tenant has been confirmed for a landmark city office development, marking a “tremendous vote of confidence” in the area's regeneration.
Real estate firm Avison Young has announced a pre-letting deal for Pilgrim Place 1, in Newcastle, a 173,245sq ft, nine-storey building designed by Ryder Architecture.
The site will house a Department for Work and Pensions (DWP) Service and Support Centre, set to open in 2027, with officials saying it will significantly boost footfall and support the city’s retail core.
The adjacent Pilgrim Place 2, a 90,000sq ft speculative Grade A office space including a public plaza, improved public spaces and parking, is also under development by Reuben Brothers (Newcastle) Ltd. with Bowmer and Kirkland as the main contractor.
Avison Young acted for Reuben Brothers, while BNP Paribas represented DWP in securing the pre-let agreement.
Tony Wordsworth, director at Avison Young, said: “This major letting represents a tremendous vote of confidence in the strength of the Newcastle city centre office marketplace.
“The earlier speculative construction of Bank House brought forward high-quality Grade A office accommodation, which is now 75 per cent let to a wide selection of professional and corporate occupiers.
“The developer, ourselves and joint agent Knight Frank, are keen to secure occupiers for the Pilgrim Place 2 building, which will complete the Pilgrim Place element of the comprehensive regeneration scheme.”
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