Flexible workspace company Orega has announced the opening of its first North East office with a facility in Newcastle city centre.
The company has signed a long term management agreement with Palace Capital plc to launch the workspace at at No 2 St James’ Gate, Newcastle. Orega will be creating 22,500 sq ft of newly refurbished space to provide around 400 workstations across the second and third floors of the of the seven-storey, 82,500 sq ft building.
Following a refurbishment to be carried out this summer, the new space will open in the autumn. The office marks the first flexible space opened by Orega in the region, joining 25 offices aross the Ƶ including sites in London, Manchester, Leeds, Liverpool, Birmingham, Bristol, Marlow, Uxbridge, Aberdeen and Glasgow.
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No 2 St James Gate, based at the gateway between Central Station and the Forth Goods Yard area, has recently been refurbished following a seven-figure makeover by owners Palace Capital, to bring forward new offices as well as upgrade existing space. The investment created a double-height reception area, new Grade A floor plates, a redesign of the outside space to create a courtyard plaza and the conversion of retail units into two, new self-contained offices.
Orega’s new base within the building will include different working zones, a large meeting room suite, an on-site shower and changing facilities, unlimited coffee and secure bike parking.
Ben Hutchen, real estate director at Orega, said: “No 2 St James Gate has been refurbished into a contemporary and stylish building, to create modern sustainable Grade A office space in a growing and vibrant city. There has been growing demand for high quality flex space in Newcastle to service the changing needs of its local businesses and we are committed to doing more in the city. We believe we will attract much interest from businesses who are increasingly looking for a flexible way to occupy property but also require high quality “state of the art” space, a trend showing no sign of slowing down across all cities of the Ƶ.”
Daniel Davies, head of asset management at Palace Capital, said: “We are excited to be in partnership with industry specialists Orega to produce this amenity-led, best in class flex office space, which we believe will be extremely popular with businesses in Newcastle.”
