Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}
Quorum Aerial generic card Quorum Aerial mobile

Major North East Business Park at Quorum snapped up by Shelborn

Major North East Business Park at Quorum snapped up by Shelborn 

Shelborn Quorum Limited has secured the acquisition of eight office buildings at Quorum Business Park in Newcastle. 

The vendor was represented by Cushman & Wakefield, whilst Avison Young acted for Shelborn Quorum Limited.

The predominantly freehold interest (part long leasehold) comprises eight Grade A buildings extending to 458,837 sq ft along with extensive parking provision, amenity offer and further development opportunities. Quorum is an established business park with proven letting performance and an excellent track record for tenant retention.  The portfolio offers active asset management opportunities at upcoming lease events, letting of vacant space as well as expansion of the retail and on park amenities.

Quorum provides high specification accommodation in a mature landscaped setting with excellent connectivity, parking provision and leisure/amenity facilities.

The buildings comprise highly flexible Grade A office accommodation with zero capital expenditure requirements, representing a significant discount to new build costs. The asset provides a diverse income stream let to 20 tenants including major occupiers such as Balfour Beatty, DVSA, Capita and Greggs PLC. 

Brian Rabinowitz, Director at Shelborn said: “Quorum is an outstanding business park with huge potential. The supply line within the Newcastle conurbation is almost non-existent and the demand for space is growing. We believe that current market conditions will provide for strong occupier demand and great letting potential.”

Peter Atkinson, Partner at Cushman & Wakefield commented: “The North East continues to see strong performance in its out of town office market which has long term average take-up levels of some 590,000 sq ft per annum, more than twice the size of the in-town market. It is therefore no surprise that we received strong interest in this asset. Quorum has a proven track record of performance with occupancy increasing from 19 to 51% over our client’s last five years of ownership. As one of the leading office parks in the country, little standing competition and a non-existent development pipeline, I have little doubt it will continue to perform. In Shelborn it has highly experienced new owners who will invest in the park and I am sure will take it from strength to strength.”

Simon Beanland, Principal and Head of Investment at Avison Young, Newcastle commented: ”Our clients were delighted to secure eight modern grade A office buildings on one of Newcastle’s most successful business parks . They seek to produce high returns in the office sector. This opportunity at Quorum met Shelborn’s investment criteria, offering numerous asset management opportunities through lettings and lease restructures, which can produce high level returns for clients.“  

Avison Young and Cushman & Wakefield have been retained to let the remaining vacant space.


Richard Coleman, Head of Communications EMEA
Richard Coleman

Head of EMEA Communications • London

What's new

What's Next for Offices Post-Event
What's Next for Offices Post-Event

Our virtual event, What’s Next for Offices, invited Derwent London, Pearson plc, HB Reavis along with other workplace specialists, to explore changes in the office sector, make predictions for the market and discuss the role of offices in building a sustainable future.

Ben Cullen • 09/11/2021

The Rise and Rise of ASEAN
Cushman & Wakefield Research Shows EMEA Prime Logistics Yields Close To Converging On Retail

The rampant growth in rents across the logistics sector continues amid a broader recovery in markets as the impacts of the COVID-19 pandemic begin to wane, according to Cushman & Wakefield’s latest DNA of Real Estate research for Q3 2021.

Richard Coleman • 08/11/2021

Trevor Stone
Cushman & Wakefield Appoints Head of Public Sector Project & Development Services

Cushman & Wakefield has appointed former AECOM Director Trevor Stone to lead its UK Project & Development Services (PDS) team’s activity with public sector clients.


With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All