A National commercial property consultancy has pledged its commitment to the region by taking on new office space in Newcastle city centre.
Lambert Smith Hampton (LSH) has signed a lease for new office accommodation at Earl Grey House on Newcastle’s Grey Street, a move which gives the business room to expand its eight-strong workforce in the city, led by head of office Darron Barker.
The business said the prime location makes it ideally positioned to take advantage of the region’s improving commercial property market, following its acquisition in 2013 by Countrywide plc.
Lambert Smith Hampton has a network of offices across the UK and Ireland which provide property advice to a range of blue chip and public sector clients including Cerberus Capital Management, Aviva and the BBC.
In June, the firm grew its overall headcount after it acquired the commercial division of BTW Shiells, Northern Ireland’s leading firm of commercial property consultants, employing some 75 staff.
Mr Barker said: “We are delighted to be moving into our new office accommodation. We are very well placed to move the business forward at a time when there is very definitely an upturn in the market.
“We have already begun to expand with the recent appointment of David Gray, as senior surveyor within lease advisory and graduate, Rachel Farrier and will be announcing further appointments in the coming weeks, so we are facing the future with confidence and look forward to an exciting period of growth.”
The Newcastle office provides a range of property advice and has an impressive client portfolio which includes the likes of Alliance Boots, Nexus/DB Regio, Northumbrian Water, Atkins, Telereal Trillium and several local authorities as well as national retailers such as Claire’s Accessories and Tui Travel plc.
Tessa Petrides of Ward Hadaway acted on behalf of LSH in the transaction and Tony Wordsworth, director, GVA, acted for the landlord, Matterhorn Capital.