Global tech titan Hewlett Packard begins its expanding its North East presence this weekend, having announced it would taking on a new office at a North Tyneside business park.
The firm announced it would be leasing an additional 24,596 sq ft within Cobalt 21 on top of the two buildings it occupies at Cobalt Park, a move which creates 300 new jobs.
Highbridge properties are welcoming in the first 120 staff over the weekend, into the second and third floors of Cobalt 21b.
Hewlett Packard’s (HP) total campus space at Cobalt now amounts to 170,000 sq ft and means the business park as a whole – the UK’s largest – is now 80% full.
Cobalt 21, the gateway building located at the southern entrance to the park, is occupied in part by Newcastle Building Society.
Adrian Hill, director of Highbridge, said: “The fact that six major occupiers have expanded by taking additional floors at Cobalt is already a testament to the developments quality.
“HP now become our first occupier to expand for the third time within Cobalt – there can be no better endorsement of the schemes quality.”
Aidan Baker, director of Newcastle office agency at BNP Paribas Real Estate, said: “HP is the fourth company to expand its space at the Park in the last six months, following G4S securing 10,000sqft at Cobalt 8 and Accenture securing 10,000 sq ft at Cobalt 15a. IBM also secured 5,000 sq ft at Cobalt 4 earlier this year.”
Matthew Wylie, of HP’s global real estate division, said: “HP’s decision to further commit to the region was supported by the flexible and modern office buildings located at Cobalt Park.
“In addition, the Park also benefits from unrivalled travel links.”
Cushman & Wakefield are joint agents on Cobalt