Tees valley to be revealed as investment zone by chancellor Sep 23, 2022 The Tees Valley is set to become one of the first areas in the UK to pilot new economy-boosting Investment Zones designed to boost growth. The Chancellor of the Exchequer Kwasi Kwarteng is expected to make the announcement in the Government’s Growth Plan. Middlesbrough and Hartlepool are set be the first two areas put forward by the […] Posted by: Mya Driver Read more
Former Newcastle Brown Ale brewery site acquired for leisure development Aug 23, 2022 The owner of the UK’s largest shopping centre – the MetroCentre in the North East – has acquires a 13-acre site adjacent to the shopping centre which they’re aiming to transform into a leisure attraction. The former Federation Brewery site, which used to brew Newcastle Brown Ale, has been acquired by ‘The MetroCentre Partnership’ – […] Posted by: Mya Driver Read more
Fiera Real Estate disposes of retail asset to Aldi for £5.5m Aug 2, 2022 Fiera Real Estate UK (“FRE UK”) is pleased to announce the sale of West Denton Retail Park in Newcastle on behalf of Fiera Real Estate Long Income Fund UK (“FRELIF”) to Aldi for £5.5m. The asset is situated three miles north-west from Newcastle city centre, just off the A1 and offers excellent road connections for […] Posted by: Mya Driver Read more
Northumberland Estates disposes of Quorum Retail Parade Aug 1, 2022 Avison Young acting on behalf of a private investor has secured the purchase of the ground floor retail parade at Dukes Walk, Quorum Business Park, Newcastle from Northumberland Estates Ltd. The fully let retail parade extends to 9,892sq ft and comprises five multi let units occupied by local and national covenants, including Greggs PLC, Bento […] Posted by: Mya Driver Read more
Property transaction secured for retail property in the North East Jul 18, 2022 Avison Young acting on behalf of a private purchaser has secured the investment purchase of a well let retail property in Hexham, which also offers redevelopment potential of the vacant upper floors at 20-22 Priestpopple. The freehold property which is situated on the north side of Priestpopple adjoins the former Royal Hotel which has recently […] Posted by: Mya Driver Read more
Rolls Royce shortlists six sites for nuclear reactor factory Jul 5, 2022 Rolls-Royce has moved forward in their bid to develop new Small Modular Reactors (SMRs) across the UK by highlighting six locations where they may look to develop a new factory which builds nuclear reactors. The UK Government is looking to build 16 SMRs in the next 25 years – as the Government looks to enhance […] Posted by: Mya Driver Read more
Packaged Living BtR scheme in Newcastle gets planning approval May 24, 2022 This week, following a planning application from Packaged Living, Newcastle City Council approved plans for a 289-unit residential scheme on Newcastle’s Quayside. The impressive new development will sit on a 1.5-acre site alongside the river and will include significant amenity space, commercial space, and on-site car parking for residents. Quayside 12 has environmental and residents’ […] Posted by: Leon Newton Read more
Industrials REIT acquires four MLI assets for £21m Apr 20, 2022 Industrials REIT, the UK multi-let industrial (“MLI”) property company, announces that it has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. […] Posted by: Mya Driver Read more
Invest Newcastle at UKREiiF: why us? Mar 28, 2022 Often referred to as the city of opportunity, Newcastle continues to live up to the title as, despite the challenges of the pandemic, the city welcomed a record level of investment over the past two years, creating valuable jobs, driving growth across key sectors, and demonstrating confidence in the future of the North East of […] Posted by: Mya Driver Read more
Newcastle: A city of longevity Mar 28, 2022 2.1 billion people are projected to be over 60 by 2030, and nearly 70% of the world’s population live in cities – there are huge global growth and investment opportunities arising from longevity economies, encompassing all sectors as powerful engines for economic recovery and growth – including sustainable living and work places, education, care, sport, […] Posted by: Mya Driver Read more
