A North East-based property consultancy has started 2023 with a host of new instructions, following a strong 2022 in which it advised on properties with a total value of £350m.
During 2022, Newcastle-headquartered JK Property Consultants purchased the 10,500 sq ft Allergate House at Belmont Business Park on behalf of business support services provider Umi.
Elsewhere, the company provided regeneration and property market advice, as a sub-consultant to Arup, to mayor Ben Houchen and the Tees Valley Combined Authority.
In the coming months, JK Property Consultants has been instructed to work on a number of deals, including a rent review for a 20,000 sq ft Newcastle city centre office, as well as the disposal of a 30-acre site at Jarrow for employment use.
Kevan Carrick, co-founder of JK Property Consultants, alongside Jennifer Welch, said: “We are entering 2023 with great enthusiasm and with the boost of new branding and website.
“New instructions for 2023 will need to address the challenge of uncertainty caused by the decline in the economy, rising interest rates, the return on the investment to meet the government’s carbon Net Zero objectives, and how the government plans for levelling up with new Development Corporations for Hartlepool and Middlesbrough and the new Devolution Deal for the remainder of the north east region, will impact on values and delivery.”
