Chartered surveying firm Bradley Hall has helped an IT firm move to premises on one of the UK’s biggest business parks.
Perfect Image has taken up 10,000sq ft of space at Cobalt 3.2 on the Cobalt Business Park in North Tyneside. The building will house the company’s team of more than 60 staff, who will relocate from their existing premises in central Newcastle.
Bradley Hall advised Perfect Image on the deal, which will see the IT firm take a 10-year lease on its new home. DTZ acted on behalf of the landlord.
The property is a high-specification, air-conditioned building which extends over three floors and Perfect Image will be located on the second floor. The company intends to undertake a £250,000 refurbishment of the building, which is situated near Newcastle city centre, the Metro network and Newcastle International Airport.
Neil Hart, director at Bradley Hall, said: “Cobalt is one of the largest business parks in the country and it appealed to Perfect Image, which had outgrown its existing premises in central Newcastle.
“They decided to relocate to a superb office in a location that offers excellent communication links to all parts of the region.
“This is the latest in a string of significant instructions for us – a sure sign of the buoyancy of the North East commercial property market.”
The move marks the latest phase of growth at Perfect Image, which earlier this year announced a partnership with US giant Amazon to sell AWS cloud solutions.
Andrew Robson, chief executive at Perfect Image, said: “The Amazon deal will allow us to scale up the business rapidly and we aim to double turnover and headcount in the next three years.
“We were looking for larger premises and Bradley Hall negotiated a great deal for us on Cobalt 3.2.
“We are looking forward to being part of a diverse business community with some great companies which may need our IT support and expertise.”
Perfect Image is the latest name to take up residence on the popular Cobalt Business Park, which employs more than 12,000 people and has over two million sq ft (185,805sq m) of developed office space.
When it is complete it will have 2.5 million sq ft (232,255sq m) of space and the number of people employed there is expected to rise to 18,000.
It has already attracted a host of big names including Hewlett Packard, EE, Santander, IBM and the NHS.
Earlier this year G4S secured 10,000sq ft at Cobalt 8, Accenture 10,000sq ft at Cobalt 15a and IBM 5,000sq ft at Cobalt Central.
Meanwhile, Barnardo’s, the well-known charity which works to transform the lives of vulnerable children and young people, has relocated to Cobalt 13a from premises in Jesmond.