A Tyneside restaurant with some of the best views in the North East is set for a new lease of life after being acquired by new owners.
Baltic’s top floor eatery SIX Restaurant is set for a makeover after being snapped up in an undisclosed investment deal by Teesside business Pneuma Group, which says other changes are also afoot, including new jobs. Bosses at Middlesbrough-based Pneuma Group – the parent company of award-winning games developer Double Eleven – have hinted more deals could follow, saying they have ambitions to revitalise the region "through targeted investments and acquisitions".
CEO Lee Hutchinson, who is also the founder and CEO at Double Eleven, said: “Pneuma Group was set up to invest in places and businesses to safeguard and enhance the impact of Double Eleven over the long term. Acquiring SIX is part of that strategy, as one of the things we’ve come to appreciate is that Double Eleven benefits when Middlesbrough and the wider north east is thriving.
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“Pneuma Group is named after an ancient Greek word for ‘breath’ which perfectly describes our ambition to breathe life and soul into the area and be a lasting part of a positive legacy.”
He said SIX will continue to focus its menu on modern British cuisine, made with sustainably sourced local produce. The deal includes significant investment into the décor at the venue, based on the top floor of the contemporary gallery building, and refurbishments will be unveiled to SIX visitors in the new year.
Greg Lambert, food director of subsidiary company Pneuma Hospitality, added: “SIX is known for offering the highest quality food and produce in a unique venue and we will continue to champion local, organic produce and seek out the best local suppliers. We’re also investing in staff and to demonstrate this have adopted the Real Living Wage as the new minimum wage standard from September this year.”
Keith Nicholson, managing director of Pneuma Group, added: “We are delighted to add the flagship SIX restaurant to the group’s portfolio as we continue to invest in exciting businesses and offer high quality services.”
“The acquisition of the prestigious SIX restaurant marks a new chapter in the development of Pneuma Group’s ambitions to invest to improve the built environment of the region and create an even better and more successful place for people to live, work and play.”
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