Investment in Newcastle City Centre starts with construction of Bank House. | Bowmer + Kirkland
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Bank House, Newcastle upon Tyne

We have been awarded the contract to construct a high-quality office scheme on a prominent Newcastle city centre site by Taras Properties.

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.

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.”

Roger Thornton, Taras Properties 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.”

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.

Chris Turnbull, Project Manager comments; “Bowmer + Kirkland has been awarded the contract to build the office block, which is programmed to start on site in mid-October with a scheduled completion in Spring 2023. 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.”

Gordon Hewling, Principal and Managing Director, Avison Young said: “We have been working on site assembly for nearly 20 years, with input from all our specialist disciplines as we have worked with the client to prime the sites for redevelopment. This is the first step to regenerate not only the client’s site, but also this important gateway and route into the heart of the city”

The site was home to the Bank of England, in a building constructed in the late 1960s, but which lay empty for several years before being demolished in 2012.