We are delighted to announce that Lambert Smith Hampton (LSH) will move their regional office to our St Ann’s Quay development, taking on refurbished Grade A office space on Newcastle’s Quayside.
LSH is one of the UK and Irelands leading and most progressive property consultancies with 32 offices and over 1,000 staff. This move signals a new way of working for the LSH team in Newcastle.
Adderstone acquired St Ann’s Quay, a mixed-use freehold comprising 32,000 sq ft office space in 2021 and, following a comprehensive refurbishment, the suites now offer Grade A office space with breath-taking views of the Quayside.
Our Founder CEO, Ian Baggett, said: “In terms of demand for office space in the North East, we are seeing a clear bifurcation. We have never known such strong demand for well-located, quality, energy-efficient space with access to open air.
“Outdated, inefficient stock increasingly faces obsolescence. This is a good thing for the region and the market in general. We are delighted to have secured such a prestigious firm as our latest tenant at St Ann’s Quay.”
Office occupiers are looking at their space with different eyes these days and with the expiry of their lease in Grey Street, Lambert Smith Hampton looked at all options available to them in Newcastle. Richard Wilson, Head of Office at Lambert Smith Hampton, said:
“We wanted more than just an office, so our search was for somewhere our staff could be productive, creative and happy. We looked closely at our needs, recognising how our working lives have evolved over 2020 and 2021.
“Having fine-tuned exactly what we wanted we have found the perfect space in Adderstone’s St Ann’s Quay which is being fitted out to a Grade A specification. We have worked with Adderstone throughout and are looking forward to moving there in January.
“There are not many cities in the UK which can offer a waterfront as good as Newcastle-Gateshead and St Ann’s will provide LSH with a high-quality office in a great location.”
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