Flexible office provider Cubo has leased 20,000 sq ft on the top two floors of Bank House in the heart of Newcastle city centre.
The building is the first phase of a new 750,000 sq ft development that will include the HMRC ‘super-hub’ for the North East region, Grade A office space, a five-star hotel, a new public square and F&B space. Cubo will officially open the doors at Bank House – its first site in the North East – towards the end of the year.
Marc Brough, CEO at Cubo, said: “Plans to roll-out the Cubo brand nationally continue at pace and we are excited to launch our first flex office space in this fantastic location in Newcastle city centre. The space has been meticulously chosen because of the city’s rich history, its vibrant culture and the building’s city centre location.
“With its unrivalled location within the exciting Pilgrim Street development, it will be the ideal home for many growing businesses. The new space continues our rapid expansion and reinforces our commitment to opening in the very best locations across all the UK’s core cities.”
Tony Wordsworth, director at Avison Young, joint letting agent for Bank House alongside Knight Frank, added: “We are excited to welcome our fifth tenant to Bank House and very much look forward to Cubo launching its unique offer later this year. Following lettings to DAC Beachcroft, Lycetts, Barclays and Oliver Wyman, over 55,000 sq ft has been let at Bank House within only three months of the building’s launch. Thanks to our deal with Cubo, the building will be able to accommodate a wider range of occupiers and we believe the business is a great fit for Bank House.”
