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
Shawbrook provides unique funding for purpose-built student accommodation in Durham Jun 26, 2023 Three Tuns Development Ltd, a joint venture between two professional property developers Simon Williams and Andrew Ward, has secured funding on a large semi commercial asset, with backing from Shawbrook. In 2016, Three Tuns Development Ltd acquired a former hotel and a parade of adjoining retail units in Durham city centre. Since then, the existing […] Posted by: Mya Driver Read more
£120 million vision to breathe new life into Gresham sees local developer lined up Nov 23, 2023 A local developer has been recommended to take on a project to redevelop the heart of Middlesbrough. Tarras Park Properties with iMpeC Developments Ltd will take on a £120million redevelopment of Gresham – subject to board approval. iMpeC has developed projects across the North East – including Milburngate, in Durham, and The Fram Well, in […] Posted by: Mya Driver Read more
£120M Waterfront Housing Development Set to Revitalise Hartlepool Aug 2, 2024 A £120 million housing development in Hartlepool is poised to commence by the end of the year, following confirmation of existing planning permission. The project, overseen by Hartlepool Development Corporation (HDC), aims to deliver a mixed-use scheme featuring 650 homes, alongside retail, leisure, and medical facilities across multiple brownfield sites. This development could be a […] Posted by: David Gilbank Read more
£15 Million funding pilot for SME’s in the North-East Sep 27, 2022 The Tees Valley has been chosen as one of just two locations to pilot a new initiative to build on local innovation strengths – with an initial £15million investment available to support businesses. Part of UK Research and Innovation, Innovate UK’s Launchpad pilot will invite small and medium enterprises (SMEs) to apply for competitive grants […] Posted by: Mya Driver Read more
£18.4m Cleethorpes Seafront Enhancement Seeks Design Consultants for Market Place Revamp Nov 6, 2023 The North East Lincolnshire Council has unveiled an £18.4 million seafront enhancement project in Cleethorpes, targeting a transformative redevelopment of the Market Place, Pier Gardens, and Sea Road, financed by the Levelling Up Fund. A tender opportunity is now open for design consultants to lead the regeneration efforts of Cleethorpes’ Market Place. The project’s ambition […] 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
£3.1m Government Funding Catalyses Development of 255 Homes in Sunderland Oct 30, 2023 Two neglected plots of land in Sunderland are poised for transformation into vibrant housing communities, courtesy of a substantial £3.1 million grant from the government. The ambitious projects located at Carley Hill and Farringdon Row have secured the funding from the Department for Levelling Up, Housing and Communities, funnelled through the Brownfield Land Release Fund […] Posted by: Mya Driver Read more
£400m investment to create largest multi-modal biopharmaceutical manufacturing site announced Dec 2, 2021 FUJIFILM Diosynth Biotechnologies, a world leading contract development and manufacturing organisation (CDMO) for biologics, viral vaccines and viral vectors, has confirmed a £400 million planned investment package at its UK facility in Billingham, Teesside. This investment package more than doubles the site’s existing development and manufacturing footprint, creating the largest multi-modal biopharmaceutical manufacturing site in […] Posted by: Mya Driver Read more
£4bn Teesworks energy project given green light by Government Oct 4, 2024 The highly anticipated Net Zero Teesside project – set to bring thousands of jobs to our region – has today received the green light from Government, with work beginning by the end of the year. The £4billion project – led by bp and Equinor – will establish the world’s first industrial-scale carbon capture, utilisation, and […] Posted by: Deividas Krupstas 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
£745m business case published for North-East metro extension Nov 8, 2022 Cross-party North East politicians and regional business leaders have come together to call upon the Government to invest in North East infrastructure by supporting the re-development of a new Metro extension in the region. The move comes as Transport North East publishes the first step in production of a Business Case, for approval by the […] Posted by: Mya Driver Read more
