NEWCASTLE City Council and Legal & General have appointed GVA and Cushman & Wakefield as joint agents for the marketing and letting of the Lumen building at Newcastle Helix (formerly known as Science Central).
The Lumen is the first phase of development by Legal & General at Newcastle Helix, Newcastle’s £350m flagship project, comprising a 108,000sq.ft. eight-8 storey Grade A office building.
The Lumen is the largest private sector-funded speculative office building to be constructed within the city centre in the last decade.
“As one of the biggest urban regeneration projects of its kind in the UK, the marketing and letting of the Lumen building is a real milestone, and an important step forward for this exciting city regeneration project," said Rachel Dickie, head of Urban Regeneration at Legal & General Capital.
"The office building will create modern workspace for more than 1,200 people, and is an essential part of achieving our aim for the Newcastle Helix Project; to become a major UK hub for scientific research and technology businesses, creating knowledge-based jobs for future generations in Newcastle.”
Coun Ged Bell, cabinet member for employment at Newcastle City Council, said: “The forthcoming start on site of The Lumen heralds a significant milestone for the recently re-branded Newcastle Helix, the UK’s biggest urban regeneration project outside London.
“Legal & General’s commitment to fund the building is a tremendous vote of confidence for the city.”
Construction work is scheduled to start in July.
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