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
Puma Property Finance facilitates a £43m loan for Newcastle PBSA development Feb 6, 2025 Puma Property Finance (“Puma”) today announces it has facilitated a £43 million loan to Vita Group to fund the development of a new 260-bed purpose-built student accommodation (PBSA) scheme in Newcastle. This latest scheme follows Puma’s recent partnership with Vita on a 268-bed PBSA development in Edinburgh in December 2024.The Newcastle development is in the […] Posted by: Deividas Krupstas Read more
Railpen to fund development of new mental health facility in Sunderland Oct 21, 2022 Railpen has announced it is to fund the redevelopment and extension of an existing mental health facility in Sunderland for the Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust. Railpen, one of the largest pension managers in the UK, has announced it is to fund the redevelopment and extension of an existing mental health facility […] Posted by: Mya Driver Read more
Revealed: The 20 English Towns and Cities to get 11,500 New Homes Feb 14, 2024 The government has announced the 20 towns and cities poised to benefit from the construction of 11,500 new homes. This initiative aims to provide a substantial boost to housing availability, targeting previously developed brownfield sites to accommodate this significant increase. The strategy not only seeks to make home ownership more attainable for younger buyers but […] Posted by: Mya Driver Read more
Riverside Sunderland masterplan gets green light for flagship 165-home Placefirst neighbourhood Jan 9, 2025 Placefirst’s proposals for a new flagship residential neighbourhood on Farringdon Row, have received planning approval, marking a new significant milestone within the Riverside Sunderland Masterplan. Following Sunderland City Council’s decision, we will begin transforming the 4.57-acre brownfield site into a high-quality 165-home neighbourhood by June 2025. Consisting of 67 homes and 98 apartments for long-term […] Posted by: Deividas Krupstas 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
Schneider Electric to invest £42 million in new manufacturing site in North Yorkshire Sep 10, 2024 Schneider Electric, the leader in the digital transformation of energy management and automation, is investing £42 million in a new manufacturing facility in Scarborough, North Yorkshire. The new facility at Scarborough Business Park has been developed by Caddick, which has also acted as principal contractor throughout the construction phase. Schneider Electric will relocate from its […] Posted by: Deividas Krupstas Read more
South Tyneside Council Plans 1,200 New Homes on Green Belt Land Near Jarrow Aug 21, 2024 South Tyneside Council has announced plans to build approximately 1,200 new homes on green belt land near Jarrow, aiming to meet the growing housing demand in the area. This proposed development is part of the council’s broader strategy to address housing shortages while incorporating “good quality green and blue infrastructure” to “improve biodiversity and habitat […] Posted by: Mya Driver Read more
Sunderland shopping centre acquired by Evolve Estate Aug 6, 2024 Evolve Estates has acquired The Bridges Shopping Centre in Sunderland. The 595,000 sq ft retail destination is home to 100 high street names such as Primark, Next, JD, a food and beverage court and a 938-scace car park. Joe O’Keefe, Co-Founder at Evolve Estates, said: “The acquisition of The Bridges Shopping Centre reflects our commitment […] Posted by: Mya Driver Read more
Supermarket Income REIT acquires two further grocery stores Jan 5, 2022 UKREiiF attendee Supermarket Income REIT, the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the acquisition of two supermarkets, a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales, for a total purchase price of £55.1 million (excluding acquisition costs), reflecting a combined […] Posted by: Mya Driver Read more
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
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
