For Immediate Release
Airivo Offices Acquires New Building In The Heart Of Newcastle
Airivo, flexible office space provider, are delighted to announce the acquisition of Grainger Chambers, on Hood Street in Newcastle.
The 18,000 sq ft building comprises five floors of office space, above the popular Castros bar which occupies the ground and basement floors. Two additional floors have also been let on a 1 and 3 year term.
Airivo intends to comprehensively refurbish the upper 3 floors of the building to provide modern office accommodation, ready to provide a ‘plug n play’ offering.
Naveen Bhandari, Managing Director at Airivo said; “We are very excited to add to our portfolio, Grainger Chambers which is off Newcastle’s popular Grey Street. This addition comes shortly after the acquisition of a 2,300 sq.ft purpose built office building, set over two floors, and based on the popular Watermark Estate in Gateshead. This presents an excellent opportunity for us to extend our footprint and we believe the North East England will become an even stronger business hub.
As an independent operator ourselves, we have enjoyed the opportunity to work with Naylors Gavin Black who are a like-minded progressive firm."
Having worked closely with Airivo, Chris Donabie of Naylors Gavin Black said: “Grainger Chambers is a very interesting proposition and one where we see our client adding real value…It allows Airivo to put their own stamp on the property and replicate similar successes they have had further down the country.”
Adam Heather, partner at DWF, acted on behalf of Airivo with this acquisition.
Airivo have been providing flexible workspace for over 19 years, and currently operate from locations in West London including Brentford, Chiswick, Ealing and Richmond, Shoreditch in Central London, Chislehurst in Kent and Birmingham New Street.