Technology company Hewlett Packard (HP) have announced plans to expand on Cobalt Business Park.
The company is leasing an additional 24,596sq ft within Cobalt 21 from park owners Highbridge.
HP has decided to expand its presence at the business park, where it already occupies two buildings, by securing space on the second and third floors of Cobalt 21b. HP’s total campus space a Cobalt now amounts to 170,000sq ft.
Matthew Wylie, global real estate at Hewlett Packard, said: “HP’s decision to further commit to the region was supported by the flexible and modern office buildings located at Cobalt Park. In addition, the Park also benefits from unrivalled travel links.”
Adrian Hill, director, Highbridge, said: “The fact that six major occupiers have expanded by taking additional buildings or additional floors at Cobalt is already a testament to the development’s quality.
“HP now becomes our first occupier to expand for the third time within Cobalt – there can be no better endorsement of the scheme’s quality.”
Mayor Norma Redfearn said: “We are delighted that HP have decided to further expand in North Tyneside.
“HP will be creating a number of high calibre jobs for local people and we look forward to supporting the company with its ongoing growth plans in the future.”