MOORFIELDS APPOINTED OVER DEVELOPMENT SITE IN NEWCASTLE

Property specialists Moorfields Advisory were appointed over a development site in Newcastle-upon-Tyne on 20^th March 2020.

The property occupies a prime central location in Newcastle, close to the Tyne Bridge, and comprises 5 floors of existing office accommodation, extending over 94,000 sq ft.

The property has significant development potential, with planning permission to convert the property into 159 residential units.

Moorfields are currently marketing the property for sale. Interested parties should contact Ben Pearce on bpearce@moorfieldscr.com

Arron Kendall, Joint Administrator and Partner at Moorfields, said: “The site offers huge potential for the right investor and has the added advantage of scope to further develop the site. We hope to secure a buyer soon”

ENDS

For media enquiries, please contact:

Katie Smith

Tel: +44 (0)20 7186 1144

Email: ksmith@moorfieldscr.com

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.

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