Legal & General has secured planning approval for a Ryder Architecture-designed office building at Newcastle Science Central
The 100,000m² development will provide workspace for more than 1,200 people in the science, technology and knowledge sectors.
The scheme is being built to BREEAM Excellent standard with an EPC rating of A and to achieve British Council for Office standards. It is the asset manager’s second Grade A office building on the site.
The two buildings, along with The Core, a 27,000m² space for startups and small and medium sized enterprises, will form the gateway to Science Central, a hub for scientific research and technology businesses. The area between the three buildings will become a public square.
Ryder’s architectural director, Jonathan Seebacher, said: ‘We are delighted to see the second Legal & General building achieve this significant milestone. Building B is the flagship at the heart of Science Central which promises to bring a unique and exciting offer to the Newcastle office market.’
In June 2016, Legal & General Capital, the investment arm of Legal & General Group, became the long-term investment partner with Newcastle City Council and Newcastle University to build and finance Newcastle Science Central.
The urban regeneration project, one of the biggest of its kind in the UK, will create 500,000m² of office and research space, more than 4,000 jobs and 450 new homes.
Legal & General Investment Management’s senior development manager, Ben Rodgers, said: ‘Through the regeneration of Newcastle Science Central, we will be able to deliver an ambitious vision for this landmark site that will see new uses of Newcastle city centre space, including state-of-the-art office and research accommodation, new homes, hotel and public realm, and will bring thousands of new jobs to the area.
‘This planning consent is yet another great step in achieving these goals with construction of this flagship office building planned to start on site next year and targeted for completion in early 2020.’