Fairstone advised by De Villiers Commercial acquire former UK headquarters of sporting giants Nike

Leading national wealth manager Fairstone advised by De Villiers Commercial across their national portfolio is investing into a new 25,000sq ft state-of-the art headquarters, marking a key milestone in the group’s growth.

Most recently the UK centre for sporting giants Nike, Fairstone’s new HQ, in Doxford International Business Park on the outskirts of Sunderland, will kick off an exciting new chapter for the business.

The relocation from Newcastle, which has been Fairstone’s base for the past 15 years, reflects the firm’s continued growth with now more than £130m in gross revenues and 1,200 colleagues in the group across 56 locations countrywide.

The new flagship office will incorporate the latest technology and modern facilities with neighbourhood workspaces, business lounge, restaurant, private meeting pods, a media studio and an amphitheatre to host events with the firm’s wider business partners. As well as offering a creative and dynamic work environment, the new HQ will offer a multitude of high-end client facing areas and be equipped to connect seamlessly via virtual group meetings with all of Fairstone’s hubs and regional offices.

Work has already commenced on an extensive fit out of the 25,000 sq. feet two storey building to create the cutting-edge facility, with plans to move in fully by the end of September.

Paul Wise, Director of commercial property surveyors De Villiers Commercial, added: “We were delighted to assist Fairstone in their search for new and larger premises in the North East. This is a landmark and well-known site on the Doxford estate after being formerly occupied by Nike and will provide a superb home for the Fairstone team and their future growth plans.”

Fairstone CEO Lee Hartley said: “We are committed to maintaining the highest standards for clients and colleagues alike and as our business continues to expand, we have been seeking a location better suited to those requirements. In terms of capacity, we want to be able to accommodate at least another 120 head office staff and at the same time massively increase our meeting and collaboration spaces. We are extremely proud of our North East heritage and as such I’m committed to keeping our head office in the region. We have been looking for suitable new premises for quite some time and once it came on the market, Nike’s former HQ instantly struck us as a standout location. We are delighted to be making this investment into Sunderland – a city that is rooted in supporting ambitious business that want to invest in growth. The area has attracted global companies such as Nissan, Arriva, EE and Barclays and will soon be home to one of the largest filmmaking centres in Europe.

Our new head office will be a vibrant and enjoyable home for our colleagues. We didn’t just want to create a bigger and better head office – we want to build a space that makes us even more attractive in the job market, helps us to secure the very best graduates in the area and enables us to meet with clients and business partners in a greatly enhanced setting. We have an extensive growth strategy that spans the UK and Ireland. Our new site will provide the facilities to underpin those objectives as well as assisting us in attracting the highest calibre of talent.”

Fairstone, which incorporates one of the UK’s largest Chartered financial planning firms, is independently ranked the number one wealth management house on Trustpilot with over 7,000 five-star reviews. The group has 56 locations across the UK, overseeing £15 Billion of capital for 45,000 wealth clients.

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