Post-PC technology consultancy hedgehog lab has expanded its headquarters in Newcastle’s Generator Studios after experiencing a spike in growth.
The firm has had a 160 per cent increase in its team, rising from 46 to 120 people, as well as a jump in revenues by 300 per cent as demand for its services grows.
The firm also has offices in London, Boston, Austin, Denmark and India and has now leased space in Generator Studios extending to 7,500 sq ft having outgrown the initial 1,700 sq ft of space it acquired five years ago.
hedgehog lab CEO Sarat Pediredla said: “After last year’s incredible growth, we are on track to double revenues in 2017 – and will continue to expand our talented team.
“Although we maintain a distinctly internationalist outlook, and have recently opened an office in Denmark that will serve as our European headquarters, we are proud to call the North East our home.
“Our offices at Generator Studios have served us well and we are sure the new space will benefit us greatly as we continue to work with global brands and push the boundaries of emerging technologies such as Virtual Reality.
“We have some truly exciting projects lined up for the rest of this year. The Newcastle headquarters will play a key role in allowing us to bring the best to our clients.”
The 42,400 sq ft Generator Studios shared workspace is owned by Metnor Property Group Ltd and provides a Grade II listed hub for SMEs and many of Newcastle’s businesses.
Communications provider Fuse Telecom has also taken further space at Generator Studios.
Aidan Baker, director in BNP Paribas Real Estate’s Newcastle office, said: “The acquisition of further space by Hedgehog Lab and Fuse Telecom illustrates the accommodation’s flexibility, affording expansion opportunities that are rarely available within city centre space to companies of all sizes.
“The studio offices continue to prove popular to a wide variety of occupiers, with only three suites totalling 5,500 sq ft available.”
Jamie Mableson, investment director at Metnor Property Group, added: “We are delighted that both Hedgehog Lab and Fuse Telecom have decided to expand their presence within Generator Studios.
“The building has won several awards for its contemporary design and innovative working spaces and continues to be popular with a range of businesses.”
BNP Paribas Real Estate advised Metnor Property Group Ltd.