Member News
One of the ‘best-sited’ restaurants in the North East is set for a new lease of life under dynamic new ownership by a North East business.
Baltic’s renowned SIX restaurant, with its views up and down the River Tyne, has an ‘exciting’ new future mapped out following its acquisition as part of an investment campaign by Middlesbrough based Pneuma Group.
The group, which is the parent company of the Teesside headquartered game development company Double Eleven, has ambitions to revitalise the region through targeted investments and acquisitions.
CEO Lee Hutchinson explained that Pneuma Group is passionate in its commitment to improving quality of life and employment prospects in the area: “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. 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.”
Keith Nicholson, MD 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.”
SIX will continue to offer its acclaimed menu of modern British cuisine with a particular focus on sustainability and local produce.
Greg Lambert, Food Director of subsidiary company Pneuma Hospitality, said: “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.”
As well as driving further innovation in food, the investment also brings with it a significant capital investment in the décor, and refurbishments will be unveiled to SIX diners in the new year.
