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GFW leads sale of Historic Quayside building amid Commercial Property uptick.
We’re proud to have facilitated the sale of a listed building in Newcastle, helping secure its future in the city.
Standing proudly on the Quayside and dating back to the 1800s, 26 Sandhill is a four-storey sandstone structure, home to a cinema supported by National Lottery funding, a gallery, a Thai restaurant, and an apartment listed on Airbnb. After more than 50 years in the same ownership, the property has now moved into the hands of a local investor.
This is just one of many high-value transactions we’ve been involved in recently, as demand for our commercial property expertise continues to rise in line with the regional market’s growth. Our commercial property team offers a full spectrum of expertise, enhanced by GFW’s multidisciplinary approach.
Gary Robinson, Partner, said:
“It was an honour to facilitate the sale of 26 Sandhill and play a part in securing the future of one of Newcastle’s heritage properties. It was a rare gem to enter the market. The gallery alone offers an impressive archive with photographs from World War II, film reels of shipyards and mines. It’s these kinds of projects that remind us how deeply property connects to people, places and history.
Careful support was key in helping the owner decide whether to retain 26 Sandhill as a family legacy or pass it on to someone new. Kristian Sorenson, Senior Associate, worked closely with the owner to find the right buyer, matching the building with a local property investor to take it into its next phase of life.”
As a business, we continue to expand our team, bringing in more talent to champion our commitment to delivering expert, locally driven services, while playing a key role in shaping the North East’s evolving commercial landscape.
Richard Garland, Managing Partner, added:
“We’re seeing significant movement in the region and in particular Newcastle’s property market is thriving, with a rise in both domestic and international interest. Our goal over the next three years is to build on that momentum, remaining ahead of market shifts.
Our team will continue to grow in step with the expanding market, ensuring we remain at the forefront of regional development. It’s a really exciting time to be part of the region’s commercial property scene.”
For expert Commercial Property advice, contact our team today.
