Landmark office block reaches full occupancy

ONE of Newcastle's newest - and most prominent - office schemes is now fully occupied thanks to the growth of financial services tech firm Neptune North.

- GRAEME WHITFIELD

The joint venture between management consulting firm Oliver Wyman, New York Stock Exchange-linked Marsh McLennan and fund manager Rokos Capital Management has taken a lease on half of level six of the 14-storey Bank House building.

It comes less than three months after the firm took up residence in level eight. The move gives Neptune - which also has a Madrid office - an additional 5,000 sqft in January, following a fit-out project to be carried out by ADT Workplace.

Neptune has already created more than 100 jobs since it was launched only last year. The provider of software development and consulting services to businesses operating in the financial services and alternative investment markets also has staff in New Zealand and plans to open offices in the US in the coming months. CEO James Beard said: “We are bringing high-calibre individuals from places like London, Edinburgh, Germany and Canada to live and work here in Newcastle, which is fantastic for the North East economy. The demand for the work we are doing at Bank House is growing rapidly, so the decision to take on this additional space was taken not long after we signed the first lease.