Cundall has officially moved its headquarters to the tenth floor of the prestigious Bank House development in Newcastle. This significant move underscores the company’s growth trajectory and commitment to sustainability.
Previously located in Gosforth’s Regent Centre, the firm now occupies 10,155 sq ft in the state-of-the-art building on Pilgrim Street.
Company’s Evolution and New Headquarters
The engineering and design consultancy, Cundall, has opted for a grand relocation to the cutting-edge Bank House office complex. This move will house 150 staff members in a 207-foot-high structure, boasting panoramic views of Newcastle’s iconic Tyne Bridge.
Cundall’s decision to relocate aligns with its strategic vision for growth. The firm, which operates offices in Dubai, Hong Kong, and Sydney, will leverage this new 10,155 sq ft space to enhance its global operations.
Involvement in Bank House Development
Cundall played a pivotal role in the design and construction of the Bank House development. Jim Allen, partner and Newcastle office lead, highlighted the firm’s comprehensive involvement from demolition to completion, emphasizing their intimate understanding of the project.
Allen stated, “Signing up to this incredible space, with its amazing views of Newcastle’s iconic Tyne Bridge, gives us a sense of coming home.”
Sustainability and Corporate Commitment
Cundall is renowned for its commitment to sustainability. The firm aims to achieve net zero carbon in design by 2030, ensuring that their new headquarters mirrors this goal.
Jim Allen affirmed, “Sustainability runs through everything we do as a practice, so it was only right to ensure that Cundall’s head office is in a building that reflects that commitment.”
The Bank House development itself integrates multiple sustainable features, making it an ideal choice for Cundall’s headquarters. The office’s premium positioning within the state-of-the-art development further reflects the company’s dedication to sustainability.
Financial Growth and Future Prospects
In the last financial year, Cundall reported a robust growth trajectory. The firm’s turnover increased by nearly 20% to £95.4m, while its operating profit surged over 10%, reaching £12m. These figures underscore the firm’s resilient market position and its forward-looking business model.
This financial health provides a strong foundation for Cundall’s future prospects, allowing the firm to continue its global expansion and further its commitment to innovative, sustainable design solutions.
Bank House Development and Tenants
Bank House is a focal point in a broader £100m regeneration project aimed at revitalizing Pilgrim Street. With this move, Cundall joins prominent tenants such as Barclays, Oliver Wyman, Lycetts, and law firms DAC Beachcroft and Knights.
The development is now 60% occupied, reflecting its attractiveness to high-profile organisations. Cundall’s decision to join these tenants reinforces the project’s reputation as a premier business location.
Feedback from Letting Agents
Tony Wordsworth, director at Avison Young, expressed his satisfaction with Cundall’s decision to make Bank House their headquarters. He acknowledged the company’s longstanding involvement in the project’s vision and its alignment with their sustainability standards.
Wordsworth stated, “It is fantastic to see Cundall’s longstanding involvement in the vision for Bank House culminate in the team making it their base.”
Overall Regeneration Efforts
Bank House is the first phase of ambitious regeneration efforts which will introduce 750,000 sq ft of new Grade A offices, a public square, a new home for Stack Newcastle at Worswick Chambers, and a boutique five-star hotel in the former fire station building.
This extensive regeneration project is set to transform the area, making it a hub for businesses and leisure activities alike.
Cundall’s move to Bank House signifies a pivotal moment in the firm’s growth and sustainability journey. By establishing their headquarters in this state-of-the-art development, Cundall continues to reinforce its market position and commitment to cutting-edge, sustainable design.
This strategic relocation not only strengthens Cundall’s presence in Newcastle but also aligns with its global growth ambitions.
