[1][2] Initially known as Hadrian Business Park[a] plans for the area were devised the early 1990s[3] by the Tyne and Wear Economic Development Company.

[5] The CBX building was formerly part of a £1.1 billion Siemens Semiconductors factory that had been built in 1995/6[8] and opened by Queen Elizabeth II in May 1997.

[14] Newcastle Building Society,[15] North Tyneside Council[16] and the Sage Group[17] have their headquarters on the site.

[15] North Tyneside Council moved their headquarters to Cobalt from Wallsend Town Hall in 2008.

[20] Other businesses located on the park include Accenture, DNV, DXC Technology, EE, IBM, NHS, Leeds Building Society, Procter & Gamble, Santander and Siemens Gamesa.

[22] Retail tenants also include Aston Martin, Busy Bees Nurseries, Greggs, Jaguar Land Rover and Tesco.