Fintech invests in future expansion with new North Tyneside premises

A Newcastle-based wealth management firm has expanded into new premises to support its growth plans.

Fintech WealthTek has relocated from its former base in Jesmond to a new office at Cobalt Business Park in North Tyneside.

The firm, which specialises in providing technology-led investment custody, administration and management solutions, has taken a 9,351 sq ft ground floor space in the newly refurbished grade A office accommodation at Cobalt 8.

It is hoped that the move will support the firm’s planned expansion over the next three years, which will see a ‘significant increase’ to its current workforce of 40 staff.

John Dance, CEO of WealthTek, commented: “We are thrilled with our recent move to Cobalt.

“Our company is preparing for considerable growth over the next three years and Cobalt offers the perfect environment for us to do so with more space to work safely, a wealth of amenities, abundance of outdoor space and sustainable transport links.’’

Guy Marsden, director of Highbridge Properties, developer and part-owner of Cobalt Park, added: “We are delighted to welcome WealthTek to Cobalt, particularly at such an exciting time for this dynamic business.

“This is an important letting for us and reinforces the growing demand that we are seeing for offices that are based around a live, work, play concept - allowing employees to have more space, both inside and outside the office. Cobalt does exactly that.”

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