The redevelopment of the former Bank of England site at the junction of Pilgrim Street and Swan House roundabout will see construction of Bank House, a 14 storey, 120,000 sq. ft. Grade A landmark office building, with complementary ground floor retail uses, which will form the catalyst for the wider East Pilgrim Street Regeneration Area development proposals.
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The scheme will also involve public realm improvements incorporating planting, new seating areas and realignment of the junction of Pilgrim Street with the 55 Degrees roundabout.
Taras Properties, which owns the entire site, has worked up the development proposals with Newcastle City Council.
Alan Johansen, Managing Director of Bowmer + Kirkland's North East Region, said: "We are delighted to have been awarded this high-profile project in a key area of Newcastle City Centre.
"We are looking forward to working with all stakeholders involved in the scheme to transform this gateway to the city and provide an office building with unrivalled views which will act as a catalyst for further investment into Newcastle's Pilgrim Street area."
Commercial, Planning and Project Management advice on the scheme is being provided by Avison Young with architectural design by Ryder Architecture. Arup is providing engineering input.
