A restaurant based on the first floor of one of Newcastle city centre’s best known buildings has called a meeting of creditors after ceasing trading.
The Kingdom buffet restaurant had operated on the first floor of the £20m Haymarket Metro Station building, a scheme funded by private developers in 2007, and it was believed to be the biggest commercial property signing of its kind when the firm’s director took on the space in 2012.
The multi-million pound building above the metro station was opened in 2010, offering tenants the opportunity to take on units in more than 41,000 sq ft of space and agents Storeys Edward Symmons acting jointly with GVA sealed the deal with developer Coppersky Ltd to bring in Greemmoat Limited, which traded as Kingdom in the Haymarket Hub.
Greenmoat Limited took on 11,818 sq ft to offer diners food from all over the world, including Japanese, Spanish, Chinese, Mexican and British dishes.
Kingdom has now closed its doors and Greenmoat Limited director Terry Ho has now issued a notice on the London Gazette announcing a meeting of creditors, which will take place on July 30.
It’s not known how many jobs have been lost following the closure and it is not yet known why the business failed. The meeting is set to be held at the offices of Rowlands Restructuring & Insolvency in Yarm, where joint liquidators will release a full list of names and addresses of the company’s creditors.
A spokesman for Nexus, which operates the Tyne and Wear Metro service, said: “The £20m redevelopment of Haymarket, which began in 2007 and was completed in 2010, was funded through a deal with a private developer. All of the units in Haymarket Metro station are privately owned and let for commercial purposes.”
“Haymarket Metro station is an important city centre gateway and we hope that the owners of this retail unit will find a new tenant as soon as possible.”
The closure comes days after independent restaurant and bar Salsa Cafe on nearby Westgate Road shut its doors after being a fixture of Newcastle’s dining scene for 18 years. The business is now being wound up and a meeting of creditors has ow been called by current director Maureen Trattles, who acquired the business 12 months ago when the name was changed to Salsa Cafe from Salsa Club.