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Business & Economy

Adderstone Group purchases Gainsborough House  

Newcastle-based property company, Adderstone Group, has completed the purchase of Gainsborough House, Grey Street, Newcastle city centre.

Gainsborough House, one of the largest office blocks on Grey Street, comprises over 25,700 sq. ft. of office and leisure space in a modern structure behind a listed Georgian façade.

It is already home to a mix of commercial and leisure operators including recruitment company Manpower and technology business Condeco Software.

Artisan pizza company Pizza Punks will be bringing their wood fired pizzas to the ground floor when it opens in September, its first restaurant in the city.

Adderstone Group CEO, Ian Baggett said:

“Gainsborough House is one of the most prestigious office buildings in the city and has benefitted from significant investment in recent months. The building has recently undergone small remodelling works and features raised access floors, LED lights and parking on site.”

The acquisition follows Adderstone Group’s recent purchases of The Rivergreen Centre, Atom Bank HQ in Durham City and 7B at Cobalt Business Park, North Tyneside.