Deal agreed to buy land for permanent Darlington economic campus Sep 26, 2023 The establishment of Darlington as a key location for the UK Government has taken a major step forward after the purchase of land for the permanent site of the new Darlington Economic Campus. The Darlington Economic Campus (DEC) was established in August 2021 and departments moved into Feethams House in June 2022. It currently houses […] Posted by: Mya Driver Read more
Realty Seals £200.8m Agreement for 11 UK Retail Parks Sep 18, 2023 In a significant move in the UK’s real estate sector, the American real estate conglomerate, Realty, has announced an agreement to acquire 11 retail parks from Ediston Property Investment Company for a sum of £200.8 million. The deal, which involves Ediston’s entire property estate, is with RI UK 1 Limited, a subsidiary of Realty. The […] Posted by: Mya Driver Read more
Overseas Family Office Acquires Portrack Retail Park for £6.35m Sep 13, 2023 Portrack Retail Park, located off Portrack Lane in Stockton, has been acquired for a sum of £6.35 million. The park, which spans 65,235 sq ft and houses six fully-let retail, warehouse, and trade counter properties, was purchased by an overseas family office. The deal was facilitated by Knight Frank and JLL, who represented UK Land […] Posted by: Mya Driver Read more
Avant Homes acquires County Durham site to deliver £43.6m 200 new homes development Aug 14, 2023 Avant Homes will start work this month on 200 new homes in Willington, County Durham, with a gross development value of £43.6m after acquiring a 21-acre site in the town. Called Westward Green, the development will feature 15 of Avant Homes’ new house types and comprise a mix of two-, three-, four- and five-bedroom homes. […] Posted by: Mya Driver Read more
£50+ million North East Industrial Property Sale Announced Aug 9, 2023 Avison Young, acting on behalf of Aviva Investors has secured the sale of a long income prime industrial property investment in Washington, Tyne and Wear to a Local Government Pension Scheme, for a sale price of £50.15 million reflecting an initial yield of 6.8%. The property built in 2010 is occupied by BAE Systems which […] Posted by: Mya Driver Read more
LCP acquires dominant Grimsby retail park Aug 7, 2023 National commercial property and investment company LCP, part of M Core, has taken ownership of the largest retail warehouse scheme in Grimsby. It has acquired Alexandra Retail Park, Alexandra Road, for an undisclosed sum from an institutional vendor, as part of its proactive acquisition drive in shopping parades, centres and retail parks across the country. […] Posted by: Mya Driver Read more
Iconic Rothbury Estate: A £35M, 10,000-Acre Historic Property in Northumberland Hits the Market for the First Time in 650 Years Jul 31, 2023 For the first time in over 650 years, the Rothbury Estate, a historic property spanning nearly 10,000 acres, is up for sale. The estate, which is valued at £35 million, includes 23 properties and 12 farms. The Percy family, who have owned land in Northumberland since the 14th century, are the current proprietors of the […] Posted by: Mya Driver Read more
£90M investment planned in major projects at Ensus UK Jul 26, 2023 Ensus UK Ltd. can today (25th July 2023) announce that its parent company plans to invest around £90 million in a series of major projects at its biorefinery on Teesside. The projects will see production of a new high protein feed at the plant and improve the overall operational reliability and energy efficiency of all […] Posted by: Mya Driver Read more
Places for People Embarks on Ambitious Multi-Million-Pound Property Revamp Jul 26, 2023 Places for People, a prominent social housing organisation, has unveiled plans for an extensive property refurbishment project worth millions of pounds. The initiative, which spans four years, will focus on enhancing the organisation’s portfolio in the North East. The organisation, which boasts a wide range of rental properties across the region, is committed to delivering […] Posted by: Mya Driver Read more
Plans agreed for transformation of Middlesbrough town centre Jul 20, 2023 The bright new vision for Middlesbrough’s future has been signed off by the town’s Development Corporation Board. During its meeting, the Board was asked to approve the Masterplan for the Middlesbrough Development Corporation, which aims to make the area “Bold, Industrious & Open for Business; Middlesbrough, reinvented as a great place for everyone.” Created with […] Posted by: Mya Driver Read more
