Gateshead firm secures multi million pound Newcastle Building Society contract

Arcas Building Solutions has won a multi million pound contract to deliver Newcastle Building Society’s new flagship city centre branch.

The Team Valley based firm will undertake the construction and transformation of the branch – which is expected to open in 2025 – with bosses saying it was one of the firm’s most exciting and ambitious projects to date.

The six-storey branch will open at the former French Connection unit at Grey’s Monument on Grainger Street.

Michael Nesbit, Arcas Building Solutions managing director, said: “Since launching in 2010, we’ve developed a strong track record for delivering projects on time, within budget – and most importantly – to the valued satisfaction of our clients.”

“Our diversity and ability to deliver on projects of any size and within any sector has made us one of the most trusted names within our field.

“Clients know they can trust us to deliver projects ranging from commercial and industrial units to hospitality venues and school projects.”

“On the back of this project award, we’ve continued the exciting growth of our team by recruiting an additional site manager and quantity surveyor who will both have involvement in this project – their employment bolsters our already highly skilled and experienced operational and commercial teams.”

The new branch is part of Newcastle Building Society’s multi million pound commitment to high street financial services and advice.

Andrew Haigh, Newcastle Building Society chief executive, said: “We’re delighted to be making good progress on our plans to breathe new life into an iconic city centre building, bringing it back into use for the benefit of the community for generations to come through modern branch services and a unique community space.

“It’s essential that people in our communities can have a face-to-face conversation about their money, preserving that vital access to trusted financial advice and information, and we believe that people of all ages value being able to pop into their local branch rather than having to do everything online.

“This is a significant investment in our home city and we’re pleased to be working with Arcas Building Solutions on this stage of the development.

“I’m confident our members and wider Newcastle communities will love the new branch and I’m looking forward to formally open the doors to customers and the wider community in the new year.”