Praxis builds momentum with Newcastle office acquisition | Praxis

Praxis has continued its push into the regional office market with the acquisition of One Trinity Gardens in Newcastle from Abrdn, React News can reveal. The investor has agreed a deal to acquire the 125,000 sq ft office on Broad Chare off Newcastle’s Quayside for £18.6m. The building has been owned by Abrdn for more than a decade, with the investor having paid £49.1m to buy the asset from the Crown Estate in the wake of the 2008 financial crash.