The Core, the first building to open as part of the Science Central development in Newcastle, is projected to create 400 jobs and bring £20 million to the city’s economy.
The £250 million building is located on the former Newcastle Breweries site, where Newcastle Brown Ale was once made. It will open for business on 3 November following a 12-month construction programme.
Owned by Newcastle City Council, The Core, which spans seven floors, will create around 2,750 sqm of serviced office space for high growth technology and science-based businesses, with additional event space for business networking and activities.
Over half of the building is already pre-let to tenants, with academic and industry research partnerships having also been formed..
Leader of Newcastle City Council Nick Forbes said: “The Core is a bold statement of confidence in Newcastle. The fact that more than half of the building is already let – four months before it is due to open - shows a real demand among businesses who want to locate in Newcastle."
Forbes said: “The 400 high quality jobs it will create, and the £20m economic boost, are fundamental in helping us build a strong knowledge-based economy that will enable the city to compete on an international stage.”
The Core offers flexible terms suitable for high growth businesses, 24-hour access, free private meeting rooms and "hyperfast" fibre broadband connectivity.
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