The creation of a new champagne bar marks the start of a new chapter for a well-known city centre office block, owners say.
Milburn House in Newcastle is a Grade II-listed building close to the city’s Quayside.
Later this month the Glass House will open in the building after a 3,000 sq ft space was transformed into a bar serving champagne, wine and cocktails with tapas and canapés also on the menu.
Refurbishment works are currently being undertaken, with bar owner Mark Nigrelli investing £250,000 in a deal struck by chartered surveyor and property consultancy Sanderson Weatherall.
London & Scottish, asset managers of the building, and owners Toscafund are working on a long term plan of investment in the building to provide a modernised contemporary city centre environment for a variety of commercial occupiers.
Steven Griffiths of London and Scottish said: “We are delighted to have secured this letting to a high-end leisure user as it fulfils one of our strategic aims for Milburn House, an iconic building in the Newcastle market.
“We have a very happy and close working relationship with our joint agents at the building and this letting proves the value of Sanderson Weatherall’s local contacts, understanding of what we are trying to achieve and their ability to measure their approach and strike a deal that gets the job done.”
In addition to the wine and champagne bar offering, the Glass House will also include an outdoor courtyard area and a whiskey cellar.
Commenting on the deal, Sanderson Weatherall’s associate partner in the commercial agency department, Kevin McGorie, said: “This deal sees what was previously office space transformed and is further proof that we are seeing a real resurgence in the Quayside area. The past year has seen a number of new bars and restaurants opening in this location, and we are delighted to have been able to secure this space for a high-quality new venture in the city.”