Former Co-op Newgate Street
A grade II listed, former Co-op department store situated within Newcastle's City centre. Cortex Partners advised DTZ Investment Management on the acquisition of the freehold. The fund is to redevelop the property to provide a 184 bed Premier Inn hotel at ground and first to fourth floor, a gym at basement level and 30,350 sq ft of restaurants/bars (A3/A4) at ground floor. There is an existing 250 space multi-storey car park and a restaurant of 4,931 sq ft.
Other deals in this sector: