Q11 AT QUORUM AWARDED WIRED CERTIFIED GOLD AWARD FOR DIGITAL CONNECTIVITY

September 2019

Wired scored image Q11

Broadoak Asset Management have successfully achieved Wired Certified Gold rating for digital connectivity at its Q11 building at Quorum Business Park in Newcastle.

The Gold Seal is awarded in recognition of reliable and diverse internet connectivity within commercial buildings and prepared for the connectivity needs of future tenants. Wired Score is the global benchmark of digital connectivity, set up in New York in 2013 with the endorsement of Mayor Bloomberg. It was set up to improve the city’s technology infrastructure and it now operates across the Globe.

Quorum is among the first locations in the North East to get this gold accreditation.  Fergus Trim, Director at Broadoak, the Asset Managers at Quorum said ‘We are delighted to get gold accreditation from Wired Score. This shows the investment we have made into the digital infrastructure including our partnership with Aspire, who have instilled a 1 gig bearer into the building.  We can give tenants rapid connection with dedicated and cost-effective service from 10mb upwards.

The Gold standard is a bench mark that all internet providers are striving to achieve for the majority of Workspace business centres in the coming years. Wired Score certified commercial properties give new and growing companies peace of mind that their telecoms capabilities are reliable, up-to-date and futureproof. The telecoms and property sectors work with Wired Score to create a rigorous set of standards in order to achieve this award.

The Internet is clearly among the top three most important factors for tenants who are searching for office space, along with cost and location. Up until now there has been limited information available to tenants about the quality of internet connectivity in office spaces. Wired Certification provides that transparency and access to information to tenants which in turns gives prospective tenants the information they need to make an informed decision.

 

A HAT TRICK OF NEW LETTINGS FOR QUORUM’S NEW NEON BUILDING

February 2019

Neon Building

Quorum Business Park has welcomed a raft of new occupiers into their newly created Neon suites.

The 18 units created within the Neon building were launched in October 2018 and provide spaces from 6 up to 150 desks.

The space was created with generous break out space and shared facilities and an urban feel to attract younger fast growth companies, and this approach has been borne out with the first three new occupiers all coming from Newcastle’s growing Tech cluster.

WANdisco, a leading Californian headquartered Big Data Company, became the first letting in the inspirational new space.  WANdisco specialise in providing data infrastructure with its ground-breaking LiveData platform.

Contec a system integrator focusing on industrial automation was the next new company to arrive, taking 681sqft.  Contec was founded in 1986 in Belgium and specialise in engineering software.  This international inward investment saw the opening of Contec’s first office in the UK, with Newcastle being chosen for this new investment.

The third new tenant to Neon Thingco, taking 1,081 sqft. Thingco is focused on developing telematics technology and applications utilising artificial intelligence.  In January 2019 they launched ‘Theo’ the ground-breaking connected car service delivered via a ‘super dashcam’. CEO Mike Brockman says, ‘Our new location in the Neon building will act as our nerve centre and most importantly offers us the right environment for expansion, as device sales take off following the launch’.

Fergus Trim, Director at Broadoak, Asset Managers at Quorum said ‘We are pleased to welcome WANdisco, Contec and Thingco to the Neon building.  They are all a great example of the growing tech sector companies being attracted by the new high- quality suites we have created in Neon’

The creating of the Neon suites was a significant investment at Quorum, bringing creative design and amenity, while maintaining the high-quality office space which the business park is known for.  This allows businesses of all sizes to access to shared meeting rooms, breakout hubs and open space to meet and collaborate with fellow occupiers.

BROADOAK ASSEST MANAGEMENT SELLS MAXIM OFFICE PARK FOR £38m.

 January 2019

Maxim Image

Maxim Business Park on the outskirts of Glasgow was sold to property investor Shelborn Asset Management in a deal worth £38 million.

Broadoak Asset Management more than doubled the occupation at Maxim since it’s took over in 2015, with 15 tenants arriving and the largest Glasgow non-core office lettings of both 2017 and 2018. Tenants included: the Scottish Environment Protection Agency, flexible workspace giant Regus, infrastructure group Balfour Beatty and life science firms Lamellar Biochemical and TC BioPharm.

Public transport services were also increased to offer up to 185 busses per day and additional on-site amenities including retail offerings, outdoor sports equipment and electric vehicle charging points.

The marketing and leasing campaign led by Broadoak repositioned Maxim in the market which led to a successful leasing campaign for smaller suites in the park.

Maxim won the CoStar Glasgow Deal of the Year award in 2017 for the 43,520 sq ft letting to Balfour Beatty. Broadoak also achieved the largest Glasgow business park letting of standing stock in 2018 letting over 68,000 sq ft to Sitel which secured an additional 900 jobs at the park.

Craig Ritchie of Broadoak said: “Maxim has had a great run of leasing success over the last 24 months, particularly with the Balfour Beatty and Sitel lettings, so timing was good to capture the increase in value and execute a successful exit.

DVSA DRIVES TAKE UP AT QUORUM

DECEMBER 2018

Broadoak Asset Management have secured the 6th new letting at Quorum Business Park in 2018, with news that The DVSA have moved to the Lightbox building.

Lightbox

DVSA who moved from Manors Business Park in Newcastle have taken 10,247 sq ft on the ground floor on a new lease.

 

The Driver and Vehicle Standards Agency is an executive agency of the UK Department for Transport. It carries out driving tests, approves people to be driving instructors and MOT testers, carries out tests to make sure lorries and buses are safe to drive, carries out roadside checks on drivers and vehicles, and monitors vehicle recalls.

 

Fergus Trim, Broadoak Director: ‘We are pleased to welcome The DVSA to the park. The flexible terms that we were able to offer in the Lightbox building proved highly attractive. It is great that they have chosen to base themselves at Quorum.’

The Lightbox is a 60,000 sq ft building located at the front of Quorum Business Park. Other tenants in the building include: Connect Physical Health and Northumbria CRC.

UTILITY ALLIANCE OPENS IN NEWCASTLE WITH QUORUM LETTING

MAY 2018

Utility Alliance, a Teeside headquartered business energy use consultancy, has opened a new Tyneside office at Quorum Business Park in Newcastle.

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The fast growing company have created over 60 new jobs in an initial phase, with further growth planned.  The company have taken 13,500sqft in the top floor of building Q1 at Quorum, which gives the company room for further expansion. This is the largest letting in Newcastle so far this year.

 

Utility Alliance trade, monitor and use the latest technologies to lower electric, gas and water bills and was set up in Hartlepool in 2015. Initially, a team of six, the business has grown rapidly over the last three years, and now operates with a workforce of around 200.

 

The business has enjoyed great success and was named as overall winner in the Hartlepool Business of the Year 2017 Awards.  It is recognised as one of the fastest growing of its kind in the utilities sector, and works alongside some of the biggest suppliers in the world to secure the best possible deals for clients.

 

Bob Moore, Managing Director of Utility Alliance said ‘We are excited about the expansion to Newcastle, and an exciting new chapter for the business.  We are pleased with the new space at Quorum, and how quickly the new team has been recruited, and been able to get up and running.’

 

Fergus Trim of Broadoak, the Asset Managers at Quorum said ‘We are pleased to welcome Utility Alliance to Tyneside and to Quorum.  The new jobs growth is really positive, and they are growing fast.  It was good to work closely with the business to get them into the space and up and working as quickly as possible.’

TECHNOLOGY SERVICES GROUP MOVES TO QUORUM

MAY 2018

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A leading IT organisation is moving its headquarters to Quorum Business Park in north Newcastle.

TSG has taken 5,650 sq ft on the ground floor of building Q11. The business will be bringing over 50 of its 350 staff nationally to Quorum.

TSG was founded in Newcastle in 2003 and has grown steadily since then with multiple acquisitions.  As one of the UK’s leading IT support, infrastructure, business software companies, TSG delivers IT support to organisations throughout the UK .

Fergus Trim, Broadoak Director: ‘We are really pleased to welcome TSG to the park.  They are one of the really strong Newcastle brands, and it is great that they have chosen to base themselves at Quorum.’

David Stonehouse, Chief Executive at TSG, said: ‘We are delighted with our new headquarters at Quorum. Times are changing and we’re making sure we adapt to that.

 

“Nearly half of our workforce nationally is now home-based; it was less than 10% 5 years ago, and we’ve moved to a space that is more suitable for our needs. Our head office-based staff have a much more pleasant and staff friendly environment as well as access to the wider facilities at Quorum whilst there’s flexible space for other staff and customers visiting Head Office.”

 

The move sees the Tech company taking the largest of the Q11 suites that were launched in September 2017.  With 5 of the 6 offices now let, Quorum will now embark on the next phase of suites.  This will create an additional range of units to suit occupiers requiring between 5 and 100 desks.

QUORUM WELCOMES RAVENSWORTH, PART OF THE ZPG ZOOPLA PROPERTY GROUP TO THE PARK.

MARCH 2018

Quorum is pleased welcome Ravensworth Printing Services to Quorum Business Park

 

q5 building

Ravensworth Printing Services, part of the Zoopla Group, have taken 6,600 sq ft office suite in the Q5 building. Ravensworth specialises in providing print ordering services to more than 4,500 estate and letting agent branches via its print technology platform, supporting the sales of properties, offering services for property listings, brochures, direct mail, email marketing and branch display products.

Ravenworth will be bringing approximately 50 staff to the park, bringing the total to over 6,000 people now working at Quorum Business Park.

Mark Goddard, managing director at ZPG Property Services said “We’re delighted with the new offices and facilities and the team are looking forward to moving in soon.”

Fergus Trim, Broadoak Director, ‘We are delighted to welcome Ravensworth to to Quorum, having recently become part of the Zoopla group they are now in growth mode and will hopefully see further jobs growth.’

BROADOAK SECURES SECOND BIOTECHNOLOGY TENANT FOR MAXIM

 

December 2017

Lamellar Biomedical Limited to occupy two suites

Broadoak Asset Management have secured a second biotechnology tenant and are pleased to announce that innovative biotechnology company Lamellar Biomedical is taking a total of 3,444 sq ft across suites 1 and 5 within the Maxim 1 building on a five-year lease. Fit-out works are now complete ahead of the January 2018 entry date.

The company is developing a range of patent protected medical devices and pharmaceuticals for the healthcare market based on its LAMELLASOME™ technology.  Lamellar plans to use its new premises at Maxim to support the further development of its range of medical devices and pharmaceuticals based upon its unique LAMELLASOME™ technology.

Dr Alec McLean, chief executive officer at Lamellar Biomedical, commented: “We’re thrilled with our new operation at Maxim and are looking forward to relocating to the Park in the New Year”.

“Given the range of partnerships that we have developed with NHS Scotland and leading clinicians and academics across the country, this strategic location within easy reach of major Scottish cities and airports will be hugely beneficial to both the business and our staff. The facilities at Maxim have allowed us to build a state-of-the-art laboratory and office is a contemporary and high-quality facility surrounded by great on-site amenities for our staff, so we are excited about moving in and joining the Maxim community.”

Craig Ritchie, Director at Broadoak Asset Managment, added: “I can confirm with pleasure that Lamellar Biomedical has chosen to relocate to Maxim.  Our strategic location in central Scotland and the flexible nature of the space has meant we’re able to attract and secure companies of such a high calibre.  “Lamellar is the second biotechnology company operating from the Park so it’s fantastic that Maxim is now home to two organisations that are playing a significant role in the Scottish healthcare sector.”  Following the Lamellar deal, and the recent Document Data Group and Europa Logistics announcements, only one small suite, comprising 1,776 sq ft, remains available at Maxim 1.

Lamellar Biomedical joins a growing number of successful organisations operating from the Park including fellow biotechnology company TC BioPharm, SEPA, Wills Bros, Allied Glass, Document Data Group, SureThing, Proact IT, Regus and Balfour Beatty.  Furthermore, Maxim Office Park is situated in the hugely successful Eurocentral which is home to FedEx, Laing O’Rourke and Amazon.

BALFOUR BEATTY MOVE TO MAXIM

 SEPTEMBER 2017

Europe’s Largest Construction Company Balfour Beatty Occupies 43,600 sq ft in Maxim 7

 

Broadoak Asset Management have helped secure leading international infrastructure group Balfour Beatty as a major new tenant at Maxim Offfice Park. This represents the largest office letting to take place in West Scotland, outside Glasgow City Centre in 2017.

Balfour Beatty, Europe’s largest construction company, is taking approximately 43,600 sq ft across three floors on a ten-year lease.  The move sees the consolidation of seven offices at locations including Edinburgh, Glasgow and Shotts into one regional centre at Maxim.

A Balfour Beatty spokesperson said: “As part of its Build to Last transformation programme, Balfour Beatty is consolidating seven of its existing offices in Scotland in to one modern, state-of-the-art office located within Maxim Office Park at Eurocentral between Edinburgh and Glasgow. “This move will greatly enhance the collaborative offering across the Scottish markets by bringing together a number of business units and enabling functions in to one location and will also significantly reduce the cost of our Scottish office footprint.”

Craig Ritchie of Broadoak Asset Management said: “It is great news that I can confirm we’ve secured Balfour Beatty as a new tenant at the park, an internationally renowned organisation involved in some of the biggest construction and infrastructure projects in the world.  I’m sure it will benefit from Maxim 7’s modern and environmentally efficient working environment. “Now it is open, the upgraded M8 is having a major positive impact on the businesses along the motorway corridor and beyond, cutting up to 20 mins off the Glasgow to Edinburgh journey.  The excellent accessibility the central Scotland road network provides, and the public transport offering at Maxim – the Park is serviced by over 130 buses a day – is making the decision to relocate to Maxim easy for businesses.”

Alistair Urquhart, associate director from CBRE which represented Balfour Beatty, also commented: “Maxim 7 is a fantastic building so I am thrilled Balfour Beatty has chosen it as it consolidates its operations in Scotland.  We’d been helping the team to explore opportunities in central Scotland for some time and when we viewed Maxim the team was instantly impressed, not only with the flexible and adaptable nature of the space but also by the fact it is located in the very heart of the central belt, right on the new M8 which makes Maxim a unique proposition for businesses.”

Balfour Beatty’s new home in Maxim 7 occupies a prime location on the south side of the long, landscaped boulevard in the park.  Incorporating dramatic entranceways and a sky-lit atrium, the building also has quiet outdoor courtyards and seating spaces which can be enjoyed by the firm’s employees and guests.  The building is also in close proximity to the park’s many amenities.

 

INSURE THE BOX SIGNS NEW EXTENDED LEASE AT QUORUM BUSINESS PARK

JUNE 2017

Largest letting and new jobs on the way as Insure the Box expands its office space by 50% at Quorum Business Park to accommodate growth and support ambitious expansion plans.

Leading Fintech company Insure the Box have taken an additional 12,949sqft on the first floor of building Q11, which takes its total footprint in the building to over 40,000sqft.  The existing lease has been extended so that all the space is now on a 10 year lease term to 2027.  This is the largest letting in the Newcastle suburban office market so far in 2017. Insure the Box is bringing all of its Newcastle staff under one roof enabling even greater communication and collaboration across teams and departments.

Mike Brockman, Founder and CEO at Insure the Box, comments, “The expansion at Quorum Business Park, and the signing of a 10-year lease, is significant on two fronts. Firstly, it gives us the space to grow as we build on the success of our established telematics insurance proposition and by taking over the additional space in Q11, we have had the perfect opportunity to create a working environment that is truly dedicated to the Insure the Box ethos”.

Fergus Trim Director of Broadoak Asset Management said “It has been fantastic to see the continued success at Insure the Box.  They are a great example of a fast growth Fintech company that is helping to boost the Newcastle economy.  Taking 50% more space and making a new 10-year commitment is a great vote of confidence’

Insure the Box is part of the major Japanese insurance group MS&AD having been acquired in March 2015. Launched in 2010, Insure the Box has a clear objective to change the way insurance serves young drivers and to help support safer driving primarily in the 17 -24 age group.