Greggs has announced it will relocate its main offices to North Tyneside’s Quorum Business Park.
The company said the aim is to bring all of its central functions together into one hub and the park was chosen because of its quality office space, transport links and proximity to the Gosforth Park production centre and Greggs Balliol.
However, Greggs has also revealed it is struggling to source new shops down south.
Roger Whiteside, Greggs’ chief executive, is reported as saying they simply could not afford the rents in London zones one and two and keep its prices low.
While Whiteside cannot see the London situation changing any time soon, the move to the Quorum Business Park is hoped to be completed in spring 2016.