British construction services firm Bowmer + Kirkland has secured a contract from Taras Properties, a property management company, to build a new office scheme on a Newcastle city-centre site in the UK.
Under the contract, the company will be responsible for the construction of a new 14 storey, 120,000ft2 Bank House on the former Bank of England site, a building that was constructed in the late 1960s.
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The redevelopment of the former Bank of England site is located at the junction of Pilgrim Street and Swan House roundabout.
The office building, with ground-floor retail space, will form the catalyst for the wider East Pilgrim Street Regeneration Area development proposals.
Bowmer + Kirkland project manager Chris Turnbull said: “Bowmer + Kirkland has been awarded the contract to build the office block, which is programmed to start on site in mid-October with scheduled completion in spring 2023.
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“This exciting proposal to create a new landmark office building on the Bank of England site is another step towards transforming this key area of Newcastle.”
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By GlobalDataThe project will include public realm improvements along with planting, new seating areas and realignment of the junction of Pilgrim Street with the 55 Degrees roundabout.
The property management company has worked with the Newcastle City Council for the development proposals of the project.
Canadian commercial real estate company Avison Young will provide commercial, planning and project management advice while Ryder Architecture will provide the architectural design for the project.
Arup Group, a British professional services company, is providing engineering services for the scheme.
Taras Properties Roger Thornton said: “This is a significant step in the regeneration of an important part of the City Centre. We believe the building makes the statement required for its location as the historic gateway into Newcastle.
“The Council have been extremely supportive, and we jointly hope this will kick start development on other projects nearby.”
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Rendering of the new 14-storey Bank House on the former Bank of England site in UK. (Credit: Bowmer + Kirkland.)
