MATRIX Securities has signed a £34m deal for a long-term lease of business space in the Cobalt Park.
Highbridge Business Park, the developers of the North Tyneside office development, announced that Matrix had taken an interest in two buildings on the site. During the leaseback period, Highbridge will market the properties.
Cobalt will be 2.25 million sq ft when fully developed, making it the largest office park in the UK. Other premises in Cobalt have been let to Land Securities Trillium, Procter & Gamble, Orange and Fujitsu.
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