commercial property lambert smith hampton

News - 23/05/2018

Central Square letting is a boost for the North East

LSH advises DWF on the acquisition of 7,500 sq ft of office space in Central Square South, Stephenson Quarter, Newcastle upon Tyne

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The recent letting of 7,500 sq ft of office space in Central Square South, Stephenson Quarter, Newcastle upon Tyne, to the international law firm, DWF, is a significant statement about the importance of Newcastle as a centre for professionals.

Michael Downey in LSH’s Office Advisory team advised DWF on the acquisition of the space.

“Increasingly Newcastle has become a very strong legal services hub with Norton Rose Fulbright being a good example taking space about a year ago to form its second office in the UK. DWF has relocated from Great North House, Sandyford to the prime professional services hub in Central Square South, a building that was able to deliver the necessary open plan, flexible and modern space as required by our client,” said Michael.

“It also underlines how necessary it is to have a supply of appropriate Grade A space to retain occupiers in the city. We have competing centres to the north and south such as Edinburgh and Leeds so Newcastle must keep its position by supplying good quality space. Central Square South's recent refurbishment programme has certainly matched our client's expectations”

The DWF letting sees the firm joining other occupiers such as PwC, HSBC, Eversheds, Clyde & Co and Penspen Integrity. 

Adam Heather, Executive Partner of DWF Newcastle, said: “This is a real milestone for us in Newcastle and reflects not only a few years of real progress and growth, but also our confidence in the future development of our team.

“The space itself is impressive, with a design and style that reflects who we are as a modern legal business, and facilities that will support us as we continue to roll out agile working. It will give us a really fantastic working environment for our people, a central location that is ideal for clients, and the space to continue growing in the future.”