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Investments

5

About Adderstone Group

Adderstone Group is a dynamic and passionate property development and investment business founded in Newcastle upon Tyne, delivering development strategies for our own projects and institutional investor partners.

Adderstone Group Headquarter Location

Unit 5, Maling Court Union Street, Newcastle Upon Tyne

Tyne & Wear, England, NE2 1BP,

United Kingdom

0191 269 9900

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Latest Adderstone Group News

Great North Run organisers moving to new offices overlooking Tyne Bridge

Sep 7, 2021

Great North Run organisers moving to new offices overlooking Tyne Bridge The Great Run Company is set to move into the new offices being built yards from the route of the race at Bottle Bank, in Gateshead Adderstone Group founder CEO Ian Baggett with Sir Brendan Foster, founder and chairman of the Great Run Company, and Gary Wright, Great Run Company chief operating officer (Image: handout from Adderstone Group) Sign up for free to get the latest North East news and updates delivered straight to your inbox Invalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice The company behind the Great North Run is set to get even closer to its flagship event after announcing a move to new offices just yards from the route of the race. The Great Run Company, which organises mass participation sports events around the UK, has signed a deal with Newcastle developer Adderstone Group to move into Tyne Bridge House, new offices which are being developed at Bottle Bank, Gateshead. Participants in the Great North Run pass over the Tyne Bridge near the start of the annual half marathon and the bridge has always provided one of the most iconic backdrops for the event. Now the Great Run Company, which was previously based at Newcastle Business Park, just outside the city centre, will be right next to the route of the race. Adderstone Group is due to complete the 5,259 sq. ft development next month. The Grade A offices will have three floors, fully glazed facades and a rooftop terrace offering spectacular views over the River Tyne and Tyne Bridge. Great Run Company founder and chairman Sir Brendan Foster said: “It’s great to see Gateshead Quayside undergoing such a positive transformation and we’re excited to be a part of it. “Our first ever office as a company was on the other side of the Swing Bridge and after 40 years its fitting to be starting our next chapter in this fantastic development just across the river from where it all began. “We’re also really pleased to be working with Adderstone, it’s great to see a local company at the heart of this.” The Great North Run will next weekend celebrate its 40th race, with last year’s event having been cancelled because of the pandemic. For one year only, the half marathon will see runners crossing the Tyne Bridge twice, with the route changed to start and end in Newcastle to help people disperse more safely at the end of the race. Ian Baggett, founder and CEO of Adderstone Group, said: “We always knew this development would be perfect for a high-profile tenant and you don’t get much higher profile than the Great Run Company. “I remember watching my dad do the first run in 1981 and I’ve done it several times since. It’s an epic event and me and my team feel honoured to now be part of the Great North Run story. Brendan is a true local hero and an inspiration.” The Great Run Company’s chief operating officer Gary Wright said the new location would benefit staff as they accommodate new working routines, as well as providing the “perfect viewing gallery” for the race itself. Read More Related Articles

Adderstone Group Investments

5 Investments

Adderstone Group has made 5 investments. Their latest investment was in OpenWorks Engineering as part of their Corporate Minority on May 5, 2019.

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Adderstone Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/13/2019

Corporate Minority

OpenWorks Engineering

Yes

1

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Date

5/13/2019

Round

Corporate Minority

Other Investors

Other Investors

Other Investors

Other Investors

Company

OpenWorks Engineering

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Adderstone Group Acquisitions

1 Acquisition

Adderstone Group acquired 1 company. Their latest acquisition was Turbo Power Systems on March 31, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/31/2017

Acq - P2P

Management Buyout

1

Date

3/31/2017

Investment Stage

Acq - P2P

Companies

Valuation

Total Funding

Note

Management Buyout

Sources

1

Adderstone Group Team

1 Team Member

Adderstone Group has 1 team member, including current Founder, Chief Executive Officer, Ian Baggett.

Name

Work History

Title

Status

Ian Baggett

Founder, Chief Executive Officer

Current

Name

Ian Baggett

Work History

Title

Founder, Chief Executive Officer

Status

Current

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