International energy giant Siemens has started its move into the UK’s largest busines park after the firm signed a five-year lease to rent significant office space.
Last November, Cobalt Business Park owners Highbridge announced another leasing deal by letting 39,200sqft at Cobalt 9b to Siemens Plc – one of the region’s largest office space deals last year.
Siemens has recruited over 350 new people to support its Newcastle-based Wind Service business in the last year and now has 1,000 employees.
Around 200 of those employees are moving in to the new Cobalt facility and the firm also has space for 50 more new recruits.
Siemens this week commenced its move to Cobalt after a speedy three month fit-out of the ground, first and second floor office accommodation at Cobalt 9B, which will be home to the company’s Power Generation Services Division on a new five-year lease.
Since the signing of the deal last June, the team at Cobalt has gone all out to assist Siemens with a seamless move to its new premises, with a relocation package including provision of individual travel plans and visits to Siemens current Walkergate offices.
Guy Marsden of Highbridge said: “This was an important move, not just for Cobalt Park, but also for the North East as Siemens has the option to expand into a further 13,000sqft within the building, bringing prospects of new employment opportunities to the area.
“Recent letting activity at Cobalt has underlined the popularity of the park among employers with 145,000sqft let in 2014.
“This deal increases take up to 185,000sqft, including the lettings of 78,000sqft to Utilitywise, 25,000sqft to HP, 10,000sqft to Accenture, 10,000sqft to G4S, 11,000sqft to Perfect Image and 5,000sqft each to Barnardos and IBM.
“Siemens will join a stellar line up of tenants on the Park including Proctor & Gamble, HP, Accenture and Santander.”
Richard Luijendijk, managing director of Siemens Power Generation Services Wind Power GB&I, added: “We are delighted to celebrate our move to the Cobalt Park facility in North Tyneside. It is a very exciting day for all our employees.
“The state-of-the-art facility is the home to our new Customer Support Centre that will enable us to support our operations teams and comprehensively service our customers.
“Together with our world class training facility at Shields Road, the new facility represents a significant investment in the region, the wind business and our employees.”