Home About Contribute Media Kit Contact Sign In


Property Industry News

Multimillion-pound investment delivers new offices for St James Gate

A multimillion-pound cash injection at Newcastle's St James Gate development has delivered brand new offices and a major upgrade of existing office space which were unveiled at a glittering launch event yesterday (Thur 23 Sept).

Multimillion-pound investment delivers new offices for St James Gate

"We believe this is Newcastle's most premium Grade A refurbished office space."
Dan Davies, Senior Asset Manager, Palace Capital

A multimillion-pound cash injection at Newcastle’s St James Gate development has delivered brand new offices and a major upgrade of existing office space – which were unveiled at a glittering launch event yesterday (Thur 23 Sept).


Real estate investment trust, Palace Capital plc, has carried out significant development works at the 82,000 sq. ft. eight-storey block to ensure the offices compete with the best in the city and are fit for a post-covid world.


The investment has created an impressive double-height reception area, revitalised Grade A floor plates, a major redesign of the outside space to create a stunning courtyard plaza and the conversion of retail units into two, new self-contained offices.


The two new offices at No. 3 St James Gate have contemporary interiors, are both circa 5,000 sq. ft. and benefit from a highly-accessible and visible location with their own front doors.


The top (seventh) floor office at No.2 St James Gate, comprises 7,962 sq. ft. and boasts panoramic views of the city. The refurbished third floor which is 10,839 sq. ft. has also been launched – all the commercial spaces are marketed by Knight Frank.


The planned redevelopment of Central Station is set to boost St James Gate further, thanks to the creation of a new western pedestrian entrance which will shave several minutes off the walking-time to and from the offices, from the transport hub.


The improvements at St James Gate are in sync with other major developments taking shape in the south west corner of the city centre, which is an up-and-coming business, leisure and residential district.  The nearby Forth Yard and Quayside West developments are soon set to deliver a significant number of new homes, offices, leisure and public open spaces. The £200m Stephenson Quarter development is also just a stone’s throw away.


Dan Davies, Senior Asset Manager at Palace Capital plc, said: “The upgrade of No. 2 and No. 3 St James Gate is incredibly important in the wake of the pandemic because occupiers, probably now more than ever, are seeking the very best accommodation for their people. We believe this is Newcastle’s most premium Grade A refurbished office space.”


The Grade A offices are some of the very few column-free floor plates in the city. They benefit from ‘WireScore Gold’ rated IT and Backbone Connect fibre infrastructure offering ‘plug and play’ connectivity.


Knight Frank’s building consultancy team has managed the external works which have transformed the courtyard, adding a contemporary walkway with seating and planting.


Knight Frank Partner, Patrick Matheson, adds: “Palace Capital had a vision to reposition the building in the market to ensure it competes with the very best office space in the city. The quality of the refurbishment of No2 St James has certainly achieved that and we are excited to be marketing the two self-contained office suites at No. 3, which offer a different style of workspace with exposed services and their own front door and are perfect for SMEs who are looking for a space with the wow factor.”


Tenants at No. 2 St James Gate include wealth management firm, UBS, Serco, Somerset Bridge and Big Lottery Fund.


As well as being the sole office agent for the offices, Knight Frank also manages the buildings.


For information contact Patrick Matheson on 0191 594 5015 or patrick.matheson@knightfrank.com


Property Business News - Leading planning and development consultancy Lichfields has made some key changes at its flagship North East office in Newcastle. Senior director Harvey Emms has assumed the role of office leader in Newcastle he succeeds senior director Jonathan Wallace who remains in the office but takes up a position on the firm s main board.

New office lead for Lichfields Newcastle

Property Business News - Situated on the banks of the Macclesfield Canal, The Bridges offers homeowners stunning canal views along with a magnificent outlook of the surrounding countryside and is not far from the local shops and the bustling town centre.

Macclesfield retirement community is sell-out success

Property Business News - Warrington Housing Association has started the build of 30 new homes for affordable rent on the site of the former Penketh Tavern. To celebrate, a sod cutting ceremony was performed by the Mayor of Warrington, Mrs. Maureen Creaghan.

Mayor of Warrington performs sod cutting ceremony

Property Business News - Three growing businesses, including a national housebuilder, have created two new office lettings and a lease renewal at Rainton Bridge Business Park in Houghton le Spring. National housebuilder Bellway Homes is relocating its headquarters from Darlington to a 7,200 sq. ft.

Three expanding businesses secure office space at Rainton Bridge Business Park

Property Business News - 9th August 2021, Halifax UK Architectural glazing specialists, AGS Ltd, have launched GlasHaus Design, a luxury glass garden room company, following a huge rise in demand for outdoor living spaces.

GlasHaus Design launches in response to rise in demand for luxury garden rooms

Property Business News - Buying a house is an investment, and it s one that can keep increasing in value if you play your cards right.

Garden Goals The Cheapest Ways to Add Property Value

Ten Times Ten

We transform your bright ideas into brilliant digital products.