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Bank House Kicks Off Newcastle's Pilgrim Street Development

Commercial Development of the Year for the North East
By Bert Erik ten Cate, Karen Brown
CoStar News
March 27, 2024 | 7:00 AM

Bank House is the first building to be completed as part of the Pilgrim Street development in Newcastle, winning it a CoStar Impact Award.

The development aims to deliver more than 750,000 square feet of workspace, a public square, food and beverage, and five-star hotel.

Bank House is a 14-storey office on the site of the former Bank of England premises, offering 360-degree views across the Newcastle skyline. The 4, 500-square-foot reception area provides an inspiring arrival to the building and delivers an abundance of informal meeting and break-out space for occupiers and visitors. Outside and there is a brand new cafe and bar, Worswick Chambers. Two minutes away on foot, is Northumberland Street, a prime retail strip.

Bank House has become the home of several A-list tenants, such as Barclays and law firm DAC Beachcroft, international consultancy Oliver Wyman, insurer Lycetts and flexible workspace provider Cubo.

About the Project: Once fully occupied, the fully electric site, designed by Ryder Architecture and built by Bowmer + Kirkland, will be home to more than 1,000 workers.   

What the Judges Said: "The gateway site forms part of the wider Pilgrim Street redevelopment and has been key in being the first to start on site. The location is a new one for high-quality office space, and it looks to have been a successful development," David Gibbs, director,  UK Land Estates.

They Made It Happen: Christopher Turnbull, principal, building & project consultancy at Avison Young, who was the project manager.

(from left) Michael Johansen, Bowmer & Kirkland; Andrew Simmons, Avison Young; Christopher Turnbull, Avison Young. (CoStar)

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