Case Study: Greggs Quorum Business Park

Greggs Quorum Business Park
Published on: 3rd November 2015

Our commercial agency team identified and negotiated the acquisition of the new main office for our long term client Greggs. The new office, situated in Quorum Business Park in North Tyneside is a three-storey, 30,715 sq ft Grade A office space located in the Q9 building at the business park.

Quorum Business Park was selected due to its prime location, excellent transport links and close proximity to Greggs’ existing offices and production centres. Other occupiers of the business park include Tesco Bank, Balfour Beatty and British Engines.

Our in house architecture team designed the new office fit-out after being appointed in 2014 to design a modern, innovative new office space which would relocate the company’s employees in the region into a modern business hub.

Fergus Trim, development director at Quorum Business Park, said:

“Greggs’ arrival is outstanding news for Quorum and testimony to the excellent environment we have created here for people to work and relax in.

“Throughout the acquisition and design process the Sanderson Weatherall team have been professional, diligent and thoughtful. The team’s detailed knowledge of Greggs and their vision for what our Q9 building could offer their client meant that all parties were able to work together in partnership to complete the acquisition.”

Ashley Ritchie, group property manager at Greggs, said:

“We have worked with Sanderson Weatherall for many years, so we knew that we could trust them with a project of this magnitude and have confidence in their ability to deliver it.

“The integrated approach that the firm provides meant that we benefitted from a powerful combination of creative thinking, energy and practical advice throughout. We are pleased with the terms of the acquisition negotiated by Sanderson Weatherall and excited to see the office designs becoming a reality.”

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Office Agency

Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country. Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage. Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business. Agency Disposals: Realistic marketing advice and methodology Comprehensive market knowledge and full research facilities Extensive enquiry database Innovative marketing ideas Appraisal of alternative uses with in-house town planning advice Agency Acquisitions: Obtaining a clear understanding of our client’s requirements and commercial objectives Comprehensive property stock search and identification of development opportunities Objective advice on the suitability of identified properties Negotiation of favourable terms Full back up service including structural surveys, planning advice and fitting out etc. Valuation and finance advice Development Consultancy: Thorough market research Advice on selection and appointment of consultants Undertaking of full financial appraisals and timescales Advice on optimum composition of development Assessment of deliverability Advice on specification and scheme layout End user knowledge   Contact Us

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Integrated property advice is ideal recipe for new Greggs main office

Bakery food-on-the-go retailer Greggs is relocating its main office to Quorum Business Park, North Tyneside, following our integrated advice.   A number of staff in central roles will relocate to the three-storey, 30,715 sq ft Grade A office space Q9 building at the business park in the first half of 2016. Current occupiers of the business park include Tesco Bank, Balfour Beatty and British Engines.

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