UK real estate manager Greenridge buys £31m Newcastle office from L&G
Monday, November 9, 2026 · first reported by IPE Real Assets
Greenridge Investment Management has bought The Spark, a fully let grade-A office building of 106,000sqft at the Newcastle Helix regeneration scheme, from Legal & General. The price was £31.2m (€37.3m in IPE Real Assets' report). The purchase was made for the Greenridge Opportunities (GO) vehicle.
Greenridge co-founder Bik Bhuptani said the building adds to GO and that the fund is designed to exploit a gap between occupier demand and current pricing. Avison Young's Simon Beanland also commented on the deal.
- Also named
- Legal & General
- Fund
- Greenridge Opportunities
- Deal value
- $40M
- Asset class
- Real estate
- Geography
- Europe
Advisers Avison Young (financial adviser)
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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