THREE out of four units have been snapped up just days after a new retail facility opened its doors at Quorum Business Park in Newcastle.
Greggs were first out of the blocks, with the first unit already open and trading. Tesco Express and Eat @ Quorum, an independent deli sandwich and coffee shop, are due to start fitting out their units.
The final unit is a 2,400sq ft restaurant, currently available to rent through agents @Retail.
Development work began on the 10,000 sq ft retail scheme in February and has been carried out by Northumberland Estates, the property development and investment company representing the business interests of the Duke of Northumberland.
The units were constructed by Esh Group, the main contractor on the project.
Situated at the entrance to the one million sq ft business park, the new retail scheme will complement the existing mix of facilities.
It sits alongside the Kids First Nursery and has been aptly named Duke’s Walk, to celebrate the involvement of Northumberland Estates.
Quorum Business Park development director Fergus Trim said: “We’ve got some pretty big companies here, including Tesco Bank and Balfour Beatty, who have invested in Quorum and created thousands of jobs.
“We’re up to 4,000 people on site and we’re only half full. More than 2,500 people arrived last year so we can safely say we’re the fastest growing business location in the greater Newcastle area.
“We’ve been very active the past three years, investing in public transport and on-site amenities.
“There are now 49 buses coming to the park every hour which are free to employees at the park. We also have a sports facility, which is free of charge, and we’re the only business park in the country to offer such a service.
“With Tesco Express and Greggs combined, we’ll have brought 50 more staff to the park. It is great to see the first unit open and trading, and I can’t wait for Eat @ Quorum and Tesco Express to also open their doors.”
Northumberland Estates’ commercial property manager, Colin Davidson, said they were enthusiastic about the project from the outset.
“With the growing on-site population and calibre of tenants on the park, it’s been a good quality investment for us to leverage and expand our interests within the region,” he said.
“Getting the units built and up and running has been hugely satisfying, and we’re confident that the new retail amenities will attract further employment on what is a burgeoning employment hub for the local area.”
Employment numbers are growing steadily on Quorum with over 4,000 people now working on site, a number boosted by the arrival of several high profile firms including Balfour Beatty, Tesco Bank and, most recently, motor insurer business, insurethebox.
With tenants continuing to move on to the site, it is expected to employ 9,000 people once fully occupied.
Quorum Business Park on Benton Lane in Newcastle was developed by Quorum Development Partners, a joint venture between Tritax and Grantside.
Quorum is an international business park of almost one million sq ft. A large expansion phase from 2008 to 2012 saw it double in size during which it was the largest speculative office development in the country.