North East Property NewsAll the latest property news from Newcastle, Middlesbrough and Sunderland, plus all of Tyne and Wear, Teesside and Durham.
Empiric Student Property has acquired the freehold of a 220 bed student accommodation scheme in York for £23.3m.
Legal & General Investment Management Real Assets has sold a flagship legal headquarters in Newcastle for £10.75m.
US aerospace parts manufacturer Adept Fasteners has committed to the North East by taking an office and warehouse unit at Gateshead’s Team Valley trading estate at a new record rent for the scheme.
Super-budget hotel developer EasyHotel has conditionally acquired the 250-year leasehold on a building in Leeds city centre.
University Partnerships Programme (UPP) has submitted plans for a new £130m student accommodation scheme at the University of Hull.
Legal & General Capital has finalised plans to invest £65m in the first phase of Newcastle Science Central.
M7 Real Estate has signed up car parts manufacturer Gestamp Tallent to a North-East industrial unit.
Stobart Group has launched the first phase of its new logistics and business park next to the Crosby-on-Eden airfield in Carlisle.
NORTH EAST PROPERTY FEATURES
To kick off the new year, Property Week asked our inaugural panel of regional experts to give their forecasts for the North East market in 2017 and, despite the challenges, the outlook is positive.
When it comes to the UK’s tech industry, London’s Silicon Roundabout may generate most of the headlines, but Newcastle is coming up fast on the rail.
In the dying weeks of 2016, the first soil was turned on the Vaux project in Sunderland city centre. But this wasn’t just the start on site of any old project.
The Lanes Shopping Centre in Carlisle has added a brand new Primark to its 70-strong set of outlets in the city’s largest store opening since 2000.