Planning powers transfer to Middlesbrough and Hartlepool Mayoral Development Corporations Jun 1, 2023 Planning powers have officially transferred to Mayoral Development Corporations in Hartlepool and Middlesbrough today (1 June). Legislation was officially laid before Parliament for the towns’ respective Mayoral Development Corporations (MDCs) in February. Now the two MDCs have received powers to act as the determining authorities for planning applications submitted in the areas bound by the […] Posted by: Mya Driver Read more
A joined up approach to skills and education Apr 3, 2023 Durham is looking at the brightest of futures for its residents, businesses and the thousands of students that attend its universities and colleges each year. It is vital to channel that enormous potential in the right direction – towards the skills needed by businesses in the region – securing success, jobs and a great quality […] Posted by: Mya Driver Read more
Teesside hailed: “UK’s clean energy powerhouse” as £3billion of Net Zero projects given go-ahead Mar 30, 2023 Net Zero Teesside will become the world’s first gas-fired power plant with carbon capture and storage facilities, producing up to 860 megawatts of electricity – enough to power around 1.3million homes per year. Up to two million tonnes of CO2 emissions from the power station will be captured per year and transported offshore for storage. […] Posted by: Mya Driver Read more
£200M Student JV launched! Mar 24, 2023 Singapore-based private equity investment firm Q Investment Partners (QIP) and integrated property group Soilbuild have announced a £200 million platform to invest in purpose-built student accommodation in the UK. QIP and Soilbuild have capitalised and underwritten the build-to-core platform, which could potentially be scaled up to GBP400 million. The joint venture partners seek to syndicate […] Posted by: Mya Driver Read more
Countryside Partnerships acquires site in Grimsby for 299 new homes Mar 24, 2023 Countryside Partnerships, the leading mixed-tenure developer, has acquired land in Grimsby that will provide 299 new homes. The site will form the fourth phase of Scartho Top, a major redevelopment area in south Grimsby that will eventually provide more than 2,000 new homes. Under the plans, 61 affordable homes will be managed by Gainsborough-based housing […] Posted by: Mya Driver Read more
Investec provides GSA with £85m loan to refinance and partially refurbish five UK PBSA assets Mar 22, 2023 21 March 2023: Investec Real Estate (“Investec”) announces that it has provided Global Student Accommodation (“GSA”), the global leader in purpose-built student accommodation (“PBSA”), with an £85 million loan to support the refinance and partial refurbishment of five UK PBSA assets. The properties provide a total of 1,460 beds to students in London, Lincoln, Newcastle, Nottingham, […] Posted by: Mya Driver Read more
ADG sells co Durham retail development for £2.6m Feb 24, 2023 Rapidly expanding Yorkshire-based property company Almscliffe-Dhesi Group (ADG) has sold a prominent retail development in Stanley, Co Durham for £2.625 million. ADG has transformed the brownfield site in Agnes Street into a popular roadside destination with national occupiers Starbucks, Greggs and Domino’s. also included are 4 electric vehicle charging points provided by Osprey. The development […] Posted by: Mya Driver Read more
Planning consent obtained on key Darlington industrial development site Feb 8, 2023 Privately-owned Co Durham-based property development company, Premcor Estates (Premcor) has obtained planning consent for three industrial/distribution units, with a combined floor area of 402,000 sq ft of office and industrial space at its 24-acre ‘Fabric Darlington’ (Fabric) site. Immediately adjacent to the Amazon fulfilment and distribution centre, Fabric occupies a highly visible position on Tornado […] Posted by: Mya Driver Read more
Game-changing £250m investment for University of Sunderland Jan 31, 2023 Today, the University of Sunderland has announced it will be investing £250 million over the next 10 years to transform the facilities enjoyed by students at its campuses in Sunderland and London. This investment is a major step-change in the University’s ambitions, building on the £75 million already invested on facilities in the last five […] Posted by: Mya Driver Read more
Levelling Up Secretary in North East England to sign historic £1.4 billion devolution deal Jan 30, 2023 A landmark devolution deal has been signed in North East England today by Levelling Up Secretary Michael Gove and eight local leaders in the region. The devolution deal will transfer new powers to local leaders in the North East to deliver skills, transport and housing, supported by £1.4 billion of funding. The Levelling Up Secretary, […] Posted by: Mya Driver Read more
