Global commercial real estate advisor Avison Young has marked 150 years of operating in Newcastle and the wider North East with the opening of its new office in the city, underlining its long term commitment to the region and confidence in its future growth.

The firm has relocated to a 4,400 sq ft, purpose built space on the eighth floor of Wellbar on Gallowgate, adjacent to St James’ Park, on a 10-year lease. The new office accommodates 30 colleagues and offers panoramic south facing views across the city.

Wellbar is owned by the Reuben Brothers, with Avison Young having supported the acquisition in December 2023. The firm also manages the building on their behalf, providing ground floor front of house staff and delivering all professional services within the building. Other occupiers include Sky, Irwin Mitchell, Eversheds and Kennedys.

The move comes as the business marks 150 years in Newcastle, originally established in 1876 as Lamb and Edge. From its origins managing the Grainger Estate in Grainger Town, the firm has played a central role in shaping Newcastle’s built environment through periods of industrial growth, post war regeneration and modern day transformation.

Today, Avison Young continues to support some of the North East’s most ambitious projects, including Forth Yards, Pilgrim Street and Founder’s Place in Newcastle, together with transformational schemes in Sunderland, Durham and Gateshead.

Gordon Hewling, Managing Director, Newcastle and Principal, Building and Project Consultancy at Avison Young, said:
“This move represents much more than a new office for us – it’s a really important moment in a 150 year relationship with Newcastle and the North East. We’ve grown alongside the city through industrial expansion, post war reinvention and into the modern, outward looking regional centre it is today, and we’re incredibly proud of the role we’ve played in shaping that journey.

“Moving into our new home in a building we manage on behalf of a long standing client is a powerful reflection of who we are as a business and how we work. Being just five minutes from Grey’s Monument and Eldon Square puts us at the heart of the city, in an area set to see more change over the next decade.

“As we look ahead, this move is about carrying that legacy forward: continuing to support growth, attract investment and help shape places where people, businesses and communities can thrive. We’re excited about the next chapter.”