Regent Centre

For the transport interchange, see Regent Centre Interchange.
Regent Centre logo

Regent Centre is a large business park in Gosforth, Newcastle upon Tyne, England. The Centre is home to a variety of companies, including banking group Virgin Money whose Head Office is located on the site. The Centre has its own transport interchange with a station on the Tyne and Wear Metro and integrated bus station.

History

Some of the Regent Centre buildings

North British Properties started to build Regent Centre in 1970 and finished in 1981; at completion it was the largest office complex in Europe, covering a total area of 11 acres (4.5 ha).[1] The land is the former site of the Regent Pit of the Coxlodge Colliery. The centre unveiled a new logo and identity in late 2008; the centre's slogan is "Better for Business".

The current owner-developer is Kennedy Wilson Europe Real Estate who purchased it along with the rest of the Fordgate Group's Jupiter Portfolio in June 2014.[2] [3]

Occupants

Regent Centre houses the Regional HQ of HM Revenue & Customs as well as the DVLA and HSE. Other tenants include the Labour Party,[4] and Gleeds. Notable former tenants have included The Sage Group and AMEC. The Newcastle regional centre for the Open University was housed here, although it was relocated to Gateshead in 2009.[5]

There is also a hair salon/coffee shop as well as a physiotherapy specialist. Previously there had been a branch of Barclays Bank located in the Regent Centre buildings.

Location

Within walking distance of Regent Centre, there is a Metro station, Gosforth Academy, Gosforth Library and Customer Service Centre, and Gosforth Leisure Centre, comprising several amenities including swimming pools and gym. There is also an Asda superstore close by, which in mid 2007 had an extension built which houses a Restaurant. Across from ASDA there is a Marks & Spencer food store; that site used to house a furniture store, and had previously been a Jaguar Cars showroom. Gosforth High Street is also within a few minutes walk. St Charles Primary school is located on Regent Farm Road, across from the Virgin Money buildings, between Regent Centre and a housing estate, Regent Farm Estate.

Regent Point

Regent Point logo
Regent Point during construction in October 2008

Planning applications were granted to expand and modernise a large section of the Regent Centre site, which is adjacent to the Metro line. In April 2007, work began on this area of land which is also called Regent Point;[6] building work began in early 2008 on the 100,000 sq ft (9,300 m2) building.[7] It is a four story office building with a glazed corner tower and modelled to be similar to the existing Regent Centre buildings.

This plot was vacant from many years, as the original Regent Centre building which occupied (Clayton House) it was demolished in 1999.[8] There have been many different accepted plans for this site, including plans for a 5 story building in 1998. In 2004 there were plans for a 7 story building with retail space on the ground floor, however these plans were withdrawn in July 2005.

Developer Fordgate Group appointed Bowmer & Kirkland as the main contractor for Regent Point. The architects were Howarth Litchfield Partnership, The consulting engineers were Cundall, and Home Stretch Properties Ltd. were also involved in the project. Caunton Engineering Ltd supplied and erected over 600 tonnes of beam and column structural steelwork.[9] The building has a BREEAM rating of "Excellent".[10]

In November 2013, Regent Point was purchased by the Newcastle upon Tyne Hospitals NHS Trust, represented by GVA, for an disclosed sum.[11]

Virgin Money

During the final stages of construction of The Tower building (October 2008).

The Virgin Money bank has its headquarters on a site that is adjacent to, although not technically a part of Regent Centre. This complex is called Jubilee House. The Red Box Design Group has been involved with the development of all of the currently standing buildings for the bank.

The focal point of Regent Centre since 1965[12] had been Northern Rock's old tower 7 storey building. In early 2006 this building was demolished[13] and its replacement, known as Partnership House, that is 10 storeys high and cost £35 million was completed in November 2008.[14] Two of Northern Rocks other buildings on the site were completed in the 1990s, two further buildings were built in the early 2000s. The 1960s tower building also housed a branch of the Northern Rock bank.

Northern Rock had financial difficulties in 2007 due to the subprime mortgage crisis and was nationalised in 2008. This led to the company deciding to downsize, including job cubs and deciding to put this new tower building up for let or sale.[15] Newcastle City Council spent £22 million purchasing the building, and let it out to another firm, a company set up by the council with support services firm Carillion, on a 25-year lease.[16][17]

In November 2011 Virgin Money agreed to purchase Northern Rock from the British Government. The deal which was finalised on 1 January 2012. As of October 12, 2012 Northern Rock was rebranded to Virgin Money and these buildings become Virgin Money's headquarters for their savings and mortgages business. Northern Rock House was renamed Jubilee House as part of the rebranding exercise.

Buildings

One of the Regent Centre buildings

With the new developments, as of March 2009, there is empty office space to let.[18][19] There is space available in Regent Point, Horsley House North, Dobson House and Eldon House West.[20] The buildings are named after well known local industrialists and architects, such as John Dobson and Lord Eldon. The Grainger Suite is located in Dobson House.

Buildings

As of 2015 the owner's of the north-side of Regent Centre are exploring possibilities for the business park's future, including potentially turning the buildings into 400 residential dwellings.[21]

References

  1. ↑ "Regent Centre". Mayfield Property. Archived from the original on June 10, 2007. Retrieved 2008-10-09.
  2. ↑ "Jupiter Portfolio". Kennedy Wilson Europe Real Estate. Retrieved 3 September 2014.
  3. ↑ "Regent Centre office complex in Gosforth acquired as part of £296m deal". The Journal. 2 September 2014. Retrieved 3 September 2014.
  4. ↑ "Labour move fuels speculation of poll". The Journal. 2004-05-19. Retrieved 2008-10-09.
  5. ↑ "Network equal of best in world". The Journal. 2008-10-02. Retrieved 2008-10-09.
  6. ↑ "Location that has stayed well ahead of the game; commercial property: focus on regent centre Work has started on the 100,000 sq ft (9,300 m2) Regent Point office building at the Regent Centre, Gosforth. Joint agents Paul Nicholson and Tim Evans look at the background to Gosforth's Regent Centre, one of the region's largest and most successful business locations". The Journal. 2007-06-02. Retrieved 2008-12-19.
  7. ↑ "Gosforth developers make their Point; commercial property". The Journal. 2008-03-05. Retrieved 2008-12-19.
  8. ↑ "Traffic fears halt office bid". The Evening Chronicle. 2006-02-16. Retrieved 2008-12-19.
  9. ↑ "Regent Point – makes Newcastle Commercial Centre a million". Caunton Engineering. 2008-12-04. Retrieved 2008-12-19.
  10. ↑ "BREEAM Awards". Bowmer and Kirkland. Retrieved 2008-12-19.
  11. ↑ "Newcastle Hospitals NHS Trust buys landmark Gosforth building". The Journal. 28 November 2013. Retrieved 28 November 2013.
  12. ↑ "Bank unveils tower revamp plans". BBC News. 2004-11-18. Retrieved 2008-03-31.
  13. ↑ "Northern Rock Update". Thompsons of Prudhoe. Retrieved 2008-03-31.
  14. ↑ "Tower becomes cornerstone of campus". Red Box Design Group. 2008-11-28. Archived from the original on February 3, 2009. Retrieved 2008-12-19.
  15. ↑ "Northern Rock redundancy consultation ends". Northern Rock. 2008-08-29. Retrieved 2008-10-01.
  16. ↑ "Newcastle Council spends £22m on Northern Rock's Tower". Property Week. 2009-04-22. Retrieved 2009-04-22.
  17. ↑ "2,300 jobs for Northern Rock tower as Newcastle Council agrees deal". The Journal. 2009-04-22. Retrieved 2009-04-22.
  18. ↑ "Regent Point property details". Knight Frank. Retrieved 2008-10-06.
  19. ↑ "Regent Centre property details". Knight Frank. Retrieved 2008-10-06.
  20. ↑ "Available space". Regent Centre. Retrieved 2009-03-03.
  21. ↑ "Regent Centre office scheme in Newcastle could be turned into 400 homes". The Journal. 31 March 2015. Retrieved 4 April 2015.
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Historic photographs

Coordinates: 55°00′42″N 1°37′26″W / 55.0117°N 1.624°W / 55.0117; -1.624

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