Chartered accountancy practice Tait Walker has helped breathe life back into one of the city’s most iconic buildings, after assisting in a deal that will see the Newcastle Assembly Rooms transformed.
Tait Walker’s corporate finance team helped the venue owner secure bank funding towards the £1m project, a venture that will create over 50 new local jobs when it opens this March, revealing parts of the 237-year-old Grade 2 listed building only ever used previously for private functions.
The newly named ‘Bonbar’ will see the Assembly Rooms modernised to include an upmarket bar and night club, restaurant and an alfresco dining area.
Owner Antony Michaelides, whose family has owned the building since 1974, said: “It’s our aim to restore a venue that has been part of the very fabric of our city for years, traditionally a place for people to meet, dance and have fun. These secured funds will ensure that this tradition continues, putting it firmly back on the map as a social destination.”