Adderstone Group’s first move into the commercial property market came in 2001 with the purchase of Mikasa House on Newcastle Business Park. Almost 15 years later and the portfolio has increased impressively. The team now manage over 300,000 sq. ft. (27,871 sq. m.) of commercial space providing office and commercial facilities for many hundreds of workers.
Mikasa House, at 9,000 sq. ft. (836 sq. m.) and spanning three stories at Newcastle Business Park on the banks of the River Tyne, is just one example of Adderstone Group’s commercial property portfolio. The portfolio is varied and impressive and includes purpose built and developed sites.
Notable developments within the portfolio include Quay West Business Village, located on the site of the former Austin & Pickersgill shipyard on the banks of the River Wear in Sunderland. Quay West was the first dedicated business park to be built and operating successfully in Sunderland for over 20 years. Built in 2010 and providing retail space to over 25 businesses through a mix of high quality small, medium and large office units, the park is popular with those seeking high quality, affordable and well-maintained commercial property.
Set in beautiful Saltwell Park in Gateshead, Adderstone Group also manage the £8m Saltwell Business Park. Located on the site of the former Joicey Road school building, Saltwell Business Park offers impressive and varied office space which has seen a remarkable transformation from its former Grade II listed days.
More characterful properties managed by the Estates team include the converted former Telephone Exchange in Jesmond, Newcastle upon Tyne which has been fully refurbished to offer three floors of office space. The unique character of the building which has been restored to retain the original art deco façade, and the efforts applied to ensure the character of the building, has guaranteed that The Exchange remains one of the prime office spaces available outside Newcastle city centre.