Toll Bar Retail Park expands with new tenants
The Gym Group join Toolstation and B&M at Toll Bar Retail Park in Sunderland.
Over the past 20 years, we have successfully breathed new life into over 40 restoration, regeneration and brownfield projects. Our team is committed to creating, delivering and managing exceptional places that improve and regenerate the areas where they exist.
We have developed or currently hold almost 2 million sq. ft of commercial floorspace and have created homes for over 3,600 people across the UK.
Our speciality is developing commercial and residential solutions that stand the test of time. We do this by working in partnership with the communities local to our developments and valuing the people who work on our projects.
While property development remains our true passion, the Group’s thriving and forward-thinking investment and estate management divisions collaborate with the business’s fundamental activities in property led markets. As a result, we are fortunate to utilise Group synergies, providing solid support infrastructure for core activities and potential joint ventures.
We’re proud of our Northern roots. Established and headquartered in Newcastle upon Tyne, companies operating within the Adderstone Group employ over 300 people.
The Gym Group join Toolstation and B&M at Toll Bar Retail Park in Sunderland.
Pipewell Quay scoops up commercial and regeneration awards at UK Property Awards, British Council for Offices, and Insider awards.
Adderstone signs deal with Bartoline Limited, Europe’s leading manufacturer of decorating sundries for the retail, trade and DIY sector, marking the expansion of Yorkshire portfolio.
Adderstone London move offices to new acquisition, 7 Stratton Street. The new HQ was launched with a book signing with Bradley Hope, author of New York Times bestseller ‘Billion Dollar Whale’.
Adderstone’s groupwide investment portfolio grows through a combination of redevelopment and direct acquisitions, and ongoing developments.
Situated on Bottle Bank overlooking the River Tyne, the landmark 5,259 sq ft development will deliver premium, Grade A office space.
The former Baja Beach Club has been transformed into Grade A office space and become the new home of leading North East technology company, Aspire Technology Solutions.
Adderstone 1993 Limited is crowned fastest growing large company in the North East in the 2020 Ward Hadaway Fastest 50 Awards.
Adderstone 1993 Limited is included on the London Stock Exchange’s list of the UK’s most inspiring companies.
In October 2019 Ian is recognised as a Fellow of the Royal Geographical Society.
Adderstone 1993 Limited comes second in the ‘medium sized business’ category and third overall for the awards.
In late summer 2019 Adderstone Group moves its head office operations to Grade II listed The Fleming in Newcastle upon Tyne.
Adderstone Group invest seven-figure sum into award-winning counter-terrorism company, OpenWorks Engineering.
Acquisitions include Grade II listed The Fleming, the former Baja Beach Club, Buzz Bingo / KFC in Byker, Newcastle and Plantain Place in London.
The Group declares consolidated annual profits of £4.52m and turnover of £38.1m in the financial year to 31 March 2018.
Adderstone Group purchase Gainsborough House located on Newcastle’s acclaimed Grey Street.
Headed up by Director, Philippa Gray, Adderstone Group open their first office in the capital.
Adderstone Group’s Jesmond Exchange is voted ‘Residential Development of the Year’ at the 2018 Insider North East Property Awards.
Adderstone Group’s annual results highlight continued growth, with turnover increasing from £34m to £43m.
Adderstone Group, complete the purchase of the Rivergreen Centre, Durham, home of Atom Bank.
Adderstone Group’s Eastlands is ‘highly commended’ at The Royal Institution of Chartered Surveyors (RICS) Awards 2017.
Two purpose-built student housing properties are sold to Starwood Capital Group for £34m.
Adderstone Group, declare annual profits of £4.33m, on the back of consolidated turnover of £35m to year end March 2016.
Taemar Ltd (now Adderstone Projects), complete second Lidl store for the supermarket giant in Blyth, Northumberland.
Exchange Residential voted Newcastle Student Letting Agent of the Year 2016.
Adderstone Group’s construction specialist Taemar Ltd (now Adderstone Projects), build new Lidl store in Blyth.
Adderstone Group embark on the creation of four luxury apartments at Sultan House, Bermondsey.
Adderstone Group declare profits of £3.12m on the back of consolidated turnover of £25m to year end March 2015.
In October 2015 the Group complete the sale of Avoca Estate Management to Kingston Property Services for an undisclosed sum.
Adderstone Group sells Gosforth Joinery, supporting the Group’s plans to consolidate back to core property development business.
Adderstone Group’s Union Square student accommodation is voted North East and Newcastle Student Halls of the Year.
Adderstone Group’s 266 bed Stepney Yard accommodation opens to students from across the globe.
In October 2014, Adderstone Group announced their second multi-million-pound disposal deal in two-years.
Adderstone Group announced strong consolidated trading results of £2.1m profit and £22m turnover for the year April 2013 to April 2014.
In September 2014, the doors opened at Union Square, 228-bed student development in Upper Ouseburn, Newcastle upon Tyne.
In July 2014, Hastie Burton Stairs broadens its service offering and rebrands to become Gosforth Joinery.
Works begin on £2m residential development in acclaimed beauty spot, Beadnell in Northumberland.
After being voted ‘NE Entrepreneur of the Year’ in 2007 from peers at the Entrepreneurs’ Forum, in January 2014 Ian Baggett joins the board.
Adderstone Group is responsible for one of the largest freehold property disposals in the UK.
At the end of the financial year 2012-13, Adderstone Group report a doubling of annual profits to £950,000.
In April 2010, Adderstone Group purchase the renowned North East staircase business, Hastie Burton Stairs.
Adderstone Group is awarded special commendation by RICS for the Quay West development, Sunderland’s first business park in decades.
Adderstone Group completes the 100,000 sq. ft Quay West Business Park in Sunderland on the site of the former Austin & Pickersgill shipyard.
The Group restored five luxury apartments in a Newcastle suburb at the height of the economic downturn.
The Group embark on the stunning conversion of a derelict Victorian mansion, which had fallen into disrepair. The project went on to win an RICS award.
2009 sees the launch of Forte Freehold Management Limited, the Group’s dedicated ground rent collection agency.
Adderstone Group convert a telephone exchange on the edge of an attractive conservation area of Newcastle into a popular office block.
Adderstone Foundation is the company’s way of putting something back into the community through support for causes and charities which resonate with the Group.
In 2007, Adderstone Group complete the mixed use development, Keel House overlooking Newcastle’s famous Quayside.
In 2007 Adderstone Group Founder CEO Ian Baggett is voted NE ‘Entrepreneur of the Year’ by his peers at the Entrepreneurs’ Forum.
Adderstone Group convert the historic, listed Gateshead Railway Club into apartments and bar.
Adderstone Group convert Grade I listed former Rehearsal Rooms at the Tyne Theatre into 12 luxury apartments.
One of Adderstone Group’s most notable development projects to date was the salvage and restoration of Newcastle’s historic Tyne Theatre on Westgate Road.
In 2006, the ‘Brims & Co’ name was reincarnated when Brims Construction Ltd was created by brothers Jason and Richard Wood, Ian Clift and Adderstone Group’s Ian Baggett.
In 2006, Adderstone Group manage the restoration of Grade II listed Thomas Bewick House, in Newcastle into apartments and leisure.
Adderstone Group launches a dedicated block management business, Avoca Estate Management.
Adderstone Group complete the conversion of Victorian warehouse, Waterloo House in Newcastle to a mixed use development.
2005 sees the inception of UK Ground Rent Estates, Adderstone Group’s dedicated freehold acquisition company.
Adderstone Construction is born out of years of company growth and the need for a construction specialist to facilitate projects.
Adderstone Group branch out from the student market into general residential accommodation.
In October 2003, Exchange Residential began life as Adderstone Group’s dedicated letting agency.
In 2002, the Group embarks on restoring Osborne Terrace in Newcastle, converting six Victorian villas into 48 high-quality apartments.
Adderstone Group purchase the 9,000 sq. ft office, Mikasa House on Newcastle Business Park, the company’s first commercial acquisition.
The company focuses on student development opportunities operating from a small office in the suburbs of Newcastle.
Between 1994 – 1999 Ian’s student accommodation portfolio grows to over 200 homes in key North East cities.
Ian Baggett carries out first property development in Bowburn, County Durham after receiving a £2,000 inheritance from his gran.