news

22/6/18

Vengrove Acquires Newcastle’s Generator Studios

Vengrove have bought Generator Studios in Newcastle from Metnor Group for £6.45m, reflecting a net initial yield of 8.75%. The property has 11 tenants including Hedgehog Lab, Gardiner Richardson, Black and White Engineering and Atlas Cloud.

Vengrove is working on progressive plans to enhance and modernise the property and its services particularly in relation to health and wellbeing. Ideas being discussed include new bike racks, the creation of a small gym or yoga studio, more inspiring communal areas and a café that provides better quality and healthier food and drink options.