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Business & Economy

Quorum Park powers ahead with latest letting

A firm that helps small businesses secure low-cost energy deals is investing in new office space at Newcastle’s Quorum Park as it expands its national operations.

National Utility Hub, which launched at the start of 2021, is set to take occupation of 10,500 sq.ft. of first floor space within Q15 at the office park this summer.

The firm has signed a long lease with landlord Shelborn Asset Management to provide a quality working environment for its 40-strong workforce. National Utility Hub has ambitious plans for further recruitment with a team of 100 people expected to be working at Quorum within 12 months of the move.

Quorum Park was specifically chosen to accommodate the commercial energy broker’s expanding operations, offering flexible open-plan floor space with onsite amenities which includes a gym, children’s nursery, restaurants and outdoor sports facilities.

National Utility Hub sources the lowest gas and electricity prices for business across the UK, operating a team which works with the UK’s top energy suppliers to offer customers access to a range of power options and account management services.

Jonny Wood, operations director at National Utility Hub, said: “Quorum Park is the ideal location to accommodate our planned strategic growth and expansion.

“It has everything we need to provide staff with a great, really accessible working environment together with the foundations to continue to develop a great career or start a fresh one. We’re really looking forward to moving in and getting started.”

The deal will see the rapidly growing operator join park neighbours who include Concentrix, Tesco Bank, Greggs and construction firm Balfour Beatty. Despite the pandemic, the office park concluded 100,000 sq.ft. of new lettings in 2020, welcoming new occupiers such as Verisure, NRG and SSCL.

Tony Wordsworth, director at Avison Young, joint agents for Quorum Park alongside Cushman & Wakefield, said: “This is another big letting for Quorum Park, which continues to appeal to forward thinking businesses looking to take advantage of quality, flexible commercial space with excellent amenities, parking and transport links for staff and visitors.”

Mark Rabinowitz, director at Shelborn Asset Management, added: “At Quorum Park we are working hard to meet the requirements of a post lockdown workforce with space that can be adapted as technology evolves and working patterns change.

“Modern day occupiers want their office space to reflect the ethos of their workforce rather than asking people to adapt to the building in which they work. We are incredibly happy to welcome National Utility Hub to Quorum Park and look forward to supporting them in their growth.”