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Facilities manager Creative Space Management (CSM) has been named as the operator of the Toffee Factory, a new office space development in Newcastle.
Formerly the Maynards Building, the Toffee Factory is currently undergoing a massive refurbishment and will be ready for tenants in November this year.
The building, which is located in the Ouseburn area of the city, will provide 1,500 square meters of office space in 25 units.
1NG, the development company in charge of the refurbishment, is targeting media and design companies.
Peter McIntyre, 1NG Project Director for Ouseburn and East Quayside, stated: “We have already had a host of enquiries from creative businesses interested in moving in.”
And Toby Hyam, of Creative Space Management, said: “Toffee Factory will undoubtedly appeal to creative companies seeking space on flexible terms.”
Ouseburn has been the site of extensive regeneration by Newcastle and Gateshead Council, which it is hoped will bring jobs to the area and stimulate the local economy.
Meanwhile, an ad hoc flexible office space hub has opened in Newcastle to help entrepreneurs and startups.
Based in the North Tyne Industrial Estate in Benton, the Newcastle Business Hub provides office space and meeting rooms, as well as professional advice.
Helen Reed, who manages the centre, told The Journal: “We recognise that there are a growing number of talented professionals going it alone, many of whom have chosen to operate home-based businesses on a permanent basis.
“That said, there are times, be it school holidays, a need to socialise or a desire to network with other professionals, when traditional office space outside of the home is required, which is exactly the premise for the Business Hub.”