AIM-listed property group Terrace Hill has let over 10,000 m[sup]2[/sup] of office space at its £300mln (EUR 380mln) Baltic Business Quarter scheme in Gateshead to nPower, the major UK energy provider. According to the company statement nPower has agreed to lease 110,000 sq ft (10,219 m2) at a rent of £17 per sq ft, spread over three office buildings, generating an annual income of £1,870,000 (EUR 2,365,000). In addition, nPower has an option to lease a further 7,400m[sup]2[/sup] at the development.
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