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The consulting, outsourcing and technology business Accenture has agreed a deal to lease a sizeable area of office space at the Cobalt business park in the north-east of England, it has been announced.
Accenture, which is among the largest companies of its kind in the UK and has offices across the country, is to join a number of other significant local employers at the business park on North Tyneside.
The business is to establish a global delivery centre at Cobalt 15a on the basis of a 10-year lease on 30,515 sqft of offices. Plans are in place for roughly 250 staff to start working from the new north-east offices with further expansion in the region said to be very much on the agenda.
“We are delighted to welcome Accenture to the business community at Cobalt,” said Adrian Hill, director of the business park’s main developer Highbridge Properties.
“By choosing Cobalt, Accenture has underscored Cobalt’s appeal to major corporate organisations. We see Accenture’s decision as part of a national trend of service sector companies moving to prime office park locations,” he added.
Cushman & Wakefield acted on behalf of Highbridge during negotiations regarding Accenture’s occupancy of office at Cobalt, with the consulting and professional services group acted for by BNP Paribas Real Estate.
The Cobalt business park is the largest purpose built complex of its kind in the UK and its tenants at present include the likes of the consumer goods giant Proctor & Gamble, technology powerhouse Hewlett Packard and the Newcastle Building Society. Public sector employers like the Department of Work and Pensions and the North Tyneside Council also operate from the site.
Accenture’s global revenues for the 12 months prior to the end of August 2011 were worth roughly £16.35 billion and it serves clients in as many as 120 countries worldwide.
For its part, BNP Paribas has a considerable presence in the north-east of England, with a report from the firm in October last year suggesting that supplies of prime office space to rent in central Newcastle were running low in the second half of 2011.