The Info Examiner

The Balfour Beatty Group recently moved in to occupy the 10,000 square feet area of the top floor of Newcastle’s West One building. The contract lease will be valid for ten years.

They are the first tenants to move into the building this year. The building - a ten-storey structure with six storeys of parking space and the rest shared office space - is owned by the Mandale Group. Now that the first tenants have moved in, it is likely to see a number of letting deals, as the owners seek to let out the remainder of the total 44,500 square feet of office space of which Balfour Beatty has taken 10,000.

Joe Darragh, the estates manager for Mandale, commented that they are very happy at Balfour Beatty’s leasing out the top floor and said that he is confident the West One building will attract a lot more prospective occupants in the coming days. He added that a number of other top rated companies would be looking at West One for office space due to its favourable location at the end of Forth Banks on Quayside’s west side.

In a separate statement, Mandale declared they are currently handling a number of enquiries from parties interested in leasing the rest of the office space in West One, and that new deals will be finalized shortly. The group feels confident the property will do well in the real estate market due to its world-class facilities and unique location, in spite of the current recessionary economy.