Growth Market: Newcastle

Just 160kms from Sydney, Newcastle has long been recognised as the coastal town known mostly for being the largest coal export in the world, housing a strong brutalist architecture vibe, it is now the home to multiple new commercial developments. This is bringing major occupiers out of long standing tenancies including:

New commercial developments include:

  • GWH is developing the 8,200sqm Darby Plaza (to which it is rumoured two tenants are close to signing precommitment deals) 
  • Cutcher & Neale’s smaller 3,000sqm redevelopment at 130 Parry Street (with just one level still available)
  • The 10,790sqm tower at 727 Hunter Street, which is being marketed by Knight Frank
  • Doma Group’s 6 Stewart Avenue (due for completion in the next 12 months) – where iCare (1,750sqm) and the State Government have precommited

With more deals ahead for GWH’s 8,200sqm Darby Plaza development, there is a lot of upcoming leasing activity worth paying attention to.