Green light for new Gateshead hotel Mar 23, 2023 Plans for a new £48m dual-branded hotel at the heart of Gateshead’s popular Quayside have been approved by Gateshead Council. The planning application for the 344 room, nine storey hotel was submitted by developers Ask:PATRIZIA and was given the green light by the planning committee earlier today. The new 180,898 sq ft hotel, designed by […] Posted by: Mya Driver Read more
Realty Seals £200.8m Agreement for 11 UK Retail Parks Sep 19, 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
£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: Nathan Spencer Read more
£25m aviation vision to bring hundreds of jobs recommended for approval at committee Feb 23, 2023 Officials have recommended a cutting-edge aircraft maintenance facility at Teesside International Airport gets the go-ahead. Darlington Borough Council Planning Committee will vote on plans for a state-of-the-art Jet Centre and Aviation Village led by Willis Lease Finance Corporation (WLFC) and its wholly owned subsidiary, Willis Aviation Services Limited (WASL). The £25million investment has the potential […] 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
£745m business case published for North-East metro extension Nov 10, 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: Nathan Spencer Read more
£90M investment planned in major projects at Ensus UK Jul 28, 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
ADG submits plans for Peterlee retail centre Jan 4, 2023 Yorkshire-based Almscliffe-Dhesi Group (ADG) has submitted plans to Durham County Council for a new centre on the former Vauxhall Car dealership site off Passfield Way, in a move it says would create up to 100 full and part-time jobs. High-profile tenants already signed up for the 13,027sqft sq ft development include national retailers Sainsbury’s, Tanning […] Posted by: Nathan Spencer Read more
Aldermore provides multi-million £ ‘develop-to-hold’ loan for Grade II listed apartment block in Sunderland Mar 6, 2023 Aldermore has provided a multi-million pound commercial mortgage to X8 Developments Limited for a recently developed apartment block in Sunderland – the Bank having also initially provided the development finance. The property is a Grade II listed building and was formerly utilised as a banking hall. It has been converted to 19 residential apartments, with […] Posted by: Mya Driver Read more
Almscliffe-Dhesi completes significant property deal in Middlesbrough Feb 2, 2022 Yorkshire-based Almscliffe-Dhesi Developments Ltd has completed a significant property deal by the A66 in Middlesbrough. The flourishing property company, part of the Almscliffe-Dhesi Group, is converting a brownfield site by the SG Petch dealership into a brand-new drive-thru’ roadside location. The 6,200 sq ft development, which has received planning approval, comprises three stand-alone units which […] Posted by: Nathan Spencer Read more
Another huge win for North East as Teesside port selected to house new wind turbine factory Mar 11, 2021 A global offshore wind manufacturer will build a state-of-the-art turbine blade manufacturing factory on Teesworks it was announced last night. A deal was struck with French powerhouse GE Renewables Energy for its new facility to be based in the North East, ahead of another location in France. It will sit alongside a new port being […] Posted by: Mark Flanagan Read more
Blackpool Pride of Place Partnership calls on Government to further its mission to ‘Level Up’ Blackpool’s economy by £1bn Feb 2, 2022 The Blackpool Pride of Place Partnership has today released the latest edition of its Blackpool Town Prospectus aimed at responding to the current and future needs of the local community, and building on the Government’s levelling-up agenda. The Prospectus, titled “An Agenda For Action 2030” is a long-term strategic vision for Blackpool, positioning the area […] Posted by: Nathan Spencer Read more
