Cobalt Business Park

Cobalt Park in North Tyneside is the UK's largest office park, with around 1,250,000 square feet (116,000 m²) of office space built or under construction^[1]. It is situated next to West Allotment, and has good transport access.

The park is located right next to the A19 which links directly to the A1 (a 10 minute drive to the north) and the Tyne Tunnel (a similar distance to the south).

Nexus, the Tyne & Wear Public Transport Executive, runs a high frequency bus service (Route 19) between the North Shields Metro station and the newly opened Northumberland Park Metro stations on the Tyne & Wear Metro system. North Shields was chosen as the nearest large town centre, and Northumberland Park for its Park & Ride facilities.

Other frequent bus services connect the park well to surrounding areas.

The park is located on one of the main Waggonways cycle routes. Waggonways is a network of cycle paths recently developed by North Tyneside Council.

P&G's offices on Cobalt Business Park

Current residents include Procter & Gamble, Orange, and Land Securities Trillium (who all occupy two buildings) as well as Fujitsu, North Tyneside NHS Healthcare Trust, Capio Healthcare, and the Newcastle Village De Vere Hotel.

As of March 2007, new buildings were currently under construction for Northumbria NHS Healthcare Trust, GE Money and North Tyneside Council, in addition to a new 100,000 sq ft (9,300 m²) speculative office at the main entrance to Phase 2 of the park.

The Cobalt Business Park benefited from Enterprise Zone status until August 2006, with a business rate free period until then, and 100% capital allowances for corporation tax. It's been open for 8 years now, and over the next decade plans to complete a further 1,000,000 sq ft (93,000 m²) in office space. The site already has a doctors surgery and nursery/creche on site. Tesco was recently advised it would be turned down in its application for permission to build a Tesco Extra convenience store.

In 2007, North Tyneside Council moved into Cobalt 16, to use as its new unified administrative headquarters, named "Quadrant" following a competition for local school children.^[2]

Cobalt Park website

References

1. ^ Cobaltpark.co.uk Statistics [1]
2. ^ North Tyneside Council - Property Week