Ryder has submitted plans to build a speculative office in the Baltic Business Quarter – a £12.5 million commercial scheme backed by Gateshead Council
The 5,533m² Grade A office space close to the River Tyne and WilkinsonEyre’s 2002 Stirling Prize-winning Gateshead Millennium Bridge, could house up to 600 employees over six floors.
Gateshead Council leader Martin Gannon, who backs the project said: ‘At a time when there is limited office space available and the Gateshead economy is going from strength to strength, the decision to build the first speculative office development in the borough reflects our confidence in the area.
‘There is a good level of unsatisfied demand for prime office space, and the strategic position of Baltic Business Quarter has cemented our decision to press ahead with the project while we seek tenants
‘By building speculatively, we are responding to that demand. [The] block is designed with growing businesses in mind. These companies could occupy half, whole or many floors.’
A planning decision is expected in May and, if approved, the scheme is expected to complete in July 2019.
3d section edited
Type of project Speculative Office
Client Gateshead Council
Landscape architect Oobe
Planning consultant Ryder
Structural engineer 3E
M&E consultant Desco
Quantity surveyor n/a
Planning supervisor Ryder
Main contractor Wilmott Dixon
Funding Gateshead Council direct funding
Start on site date July 2018
Completion date July 2019
Contract duration 12 months
Gross internal floor area 5,533m²
Form of contract and/or procurement 2 stage Design and Build
Total cost £12.5 million
Site plan 01