4th October 2022

5-minutes with: Paddy Matheson of Knight Frank



4th October 2022

Paddy, please can you tell us about your role in the Bank House team.

My role is fundamentally to market the office space and secure lettings. With a building of the size and scale of Bank House our target audience is both regional businesses and those from outside the North East.

Office development such as Bank House has an important role to play in economic growth and attracting businesses to the region. As a global property agency we therefore use Knight Frank’s exposure and network to reach these markets.  

How long have you been involved in the Bank House project?

I’ve been involved since mid-2019 when we were appointed joint letting agents alongside Avison Young. We came on board during the design stage and before construction of Bank House had started.

Being involved in the design stage is fascinating. Marketing and securing occupiers is obviously the heart of our involvement in any office development, but our market facing advice at the development stage is key to ensure the building is responding to market demand and trends.

As a ‘frustrated architect’ it is definitely one of the most interesting elements of the process for me!

What has been your most memorable day working on the project so far?

It has to be the first time I climbed the stair core to the top floor and saw the unbelievably good views from the top floor. In my career so far, I have been fortunate to see some amazing views over the city from various office buildings, but the view from the 12th floor at Bank House is seriously impressive. You not only see right across the city in every direction, but you can also see for miles around.

It will be an incredible backdrop for whoever takes the top floor!

What are you most looking forward to when the building is completed next Spring?

The office market has changed so much in the last few years, and in particular the way occupiers are fitting out their offices in response to the increase in hybrid working patterns and the emphasis on wellbeing, sustainability and staff retention. I am therefore really looking forward to seeing how various businesses who take office space in Bank House adapt and what innovative ways they choose to fit their office space out.

What makes Bank House different to other office buildings you have worked on?

It is probably it’s height. At 12 storeys it may not compete with Manchester of Leeds in terms of tall buildings, but certainly for Newcastle it is the tallest new build office building in terms of number of office floors for quite some years.

What’s interesting is that there are great views from all levels as most of the surrounding buildings are low level, particularly those on Pilgrim Street. Some of the lower floors have some of the most interesting views, a particular favourite for me is the view to the south where the building looks straight across the Tyne Bridge.

How do you think Bank House will help accommodate the evolving needs of modern-day office occupiers?

The one constant in the property market has always been location, location, location and Bank House is incredibly well positioned to aid businesses to attract and retain staff, which is particularly important in the new hybrid world.

It’s position at the southern end of Pilgrim Street not only makes it a gateway building to the city, but importantly Bank House lies within a 5 minute walk of both the main retail core and the train station, which are key factors for an occupier.

What design features do you think will be the most well received by new occupiers?

Wellbeing and sustainability are both right at the top of the list for occupiers when considering their workspace and Bank House delivers on both fronts.

The building is BREEAM Excellent which is a very high sustainability certification and its designed using a ‘fabric first’ approach to ensure reduced CO2 emissions during the buildings lifecycle, transcend the market average.

The 80 secure bike racks, bike maintenance station, change facilities, shower and locker areas will also be a big tick in the box for cyclists and runners, as we see more and more people looking towards more sustainable travel to and from work.

If you would like more information on Bank House, please contact Tony Wordsworth of Avison Young or Patrick Matheson of Knight Frank.

Related Content

More articles

A world class opportunity to accommodate growth

Jenny Hartley, Director of Investment at NewcastleGateshead Initiative explains why Bank House is such a unique proposition for any company which is looking to scale up and able to make the most of everything that Newcastle has to offer.

5-minutes with: Lisa Shacklock

In January we were delighted to announce the news that leading professional services business Knights would be making the move to Bank House in 2024. Now that the firm has settled in to their new office we caught up with client services director Lisa Shacklock.

Bringing people together in a world of hybrid working

Hybrid working has changed how we use office space. Once solely a place of work, in 2024 offices should provide the optimum environment to connect staff, attract talent, inspire people and help forge a strong company spirit. In our second article looking at how Lycetts has adapted to life at Bank House, we find out how the building is supporting the firm’s new working patterns.

5-minutes with: Rebecca Brough of Cubo

We recently caught up with Rebecca Brough, co-founder and CMO at Cubo, the leading flexible workspace provider which launched its first North East site here at Bank House in November. Find out what Rebecca had to say, including what Cubo has to offer customers here in Newcastle.

Law firm chooses Bank House for new HQ

Growing commercial law firm JLF has announced plans to move to the top floor of Bank House later this year. The firm is set to take space with Cubo and says the move underlines its confidence in the North East and will be the perfect platform for further growth.

Knights set for North East growth from flagship office at Bank House

2024 has started on a very positive note here at Bank House with news of another letting. Leading professional services business Knights will soon take occupation of over 5,300 sq.ft of Grade A office space to accommodate its team of 40 here in Newcastle.

How Bank House boosts both productivity & people

Its safe to say that moving to Bank House earlier this year has transformed the way that the Newcastle office of Lycetts works. The impact on the insurance broker and financial advisory firm’s people has been significant. Read on to find out more….

Forward-thinking office design supports new occupiers

In our second article looking at the impact of DAC Beachcroft’s relocation to Bank House, we have been talking to Sarah George and Carol Venegas to find out how the building is supporting active travel options and more flexible working patterns.

Cubo launches at Bank House

Expanding flexible workspace provider Cubo is officially open for business after launching their first Newcastle operation within the top two floors of Bank House, in the heart of the city centre.

Bank House – supporting work, rest & play, whatever the role

Six months on from their relocation to Bank House, we have been chatting to two members of DAC Beachcroft’s Newcastle team to find out how their new workplace is supporting the firm’s flexible approach to working.

Flex office operator commits to Bank House

Leading flex office provider Cubo has continued its drive into the north of England with the acquisition of a new 20,000 sq. ft workspace in Newcastle city centre.

Latest letting marks official launch of Bank House

Newcastle city centre’s new multi-million-pound Bank House office complex has officially opened with news that it has secured a third occupier.

Andrew Simmons appointed as Building Manager at Bank House

Meet Andrew Simmons, our newly appointed Building Manager and the man responsible for overseeing the maintenance, operations and security of Bank House.

5-minutes with: Nicola Fairbairn of DACB

In September we announced that international law firm DAC Beachcroft had exchanged contracts to become the first tenant of Bank House. DACB will soon be taking occupation of 15,000 sq.ft. over one and a half floors and we have been talking to partner, Nicola Fairbairn to find out more.

5-minutes with: Charles Renwick of Lycetts

Ahead of Lycetts’ relocation to Bank House this summer, we have been chatting to Charlie Renwick, to find out what it will mean for the business after 60 years at Milburn House and the firm’s 100 staff who are based in Newcastle.

Lycetts heading to Bank House after 60 years on Dean Street

A leading independent insurance broker is relocating its UK headquarters to the first phase of Newcastle’s Pilgrim Place, after exchanging contracts on 10,000 sq,ft of new office space.

5-minutes with: Paddy Matheson of Knight Frank

Knight Frank and Avison Young are working together as our joint letting agents at Bank House. We have been talking to Knight Frank’s Paddy Matheson to find out what is happening in the office sector and how Bank House will be able to accommodate occupier requirements in a fast-changing market.

First occupier confirmed for Newcastle landmark development

One of the North East’s most high-profile development schemes has secured an international law firm as its first occupier, seven months ahead of practical completion.

Interest in Bank House ramps up as new visuals released

Nine months ahead of the completion of the inaugural building in the multi-million-pound transformation of Pilgrim Street, marketing of Bank House has launched this week.

5-minutes with: Tony Wordsworth of Avison Young

Kicking off our new series of interviews with members of the Bank House delivery team, we caught up with Tony Wordsworth, director at Avison Young, to find out more about his involvement in the project (which dates back 20 years!!)