All North East articles – Page 10
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Insight2019 forecast: Neil Sinclair (Palace Capital)
”Far Eastern investors in particular just see Brexit as a blip, and I would like to see politicians have the courage of our national convictions”
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Insight
Inn Collection Group to double portfolio with OakNorth backing
North East hotel chain The Inn Collection Group has unveiled plans to more than double the size of its UK portfolio having received a £10m loan from alternative lender OakNorth.
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Online
Tritax Big Box buys Amazon fulfilment centre for £147.3m
Tritax Big Box REIT has completed the forward-funding acquisition of an Amazon fulfilment centre in the North East for £147.3m.
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News
Mace sells Sheffield student site
Mace has sold a development site in Sheffield with planning permission for 658 student beds and 247 build-to-rent units to Cassidy Group.
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Insight
Orchard Street buys £38m hotel double
Orchard Street has completed the purchase of two hotels in Newcastle from Union Property Development for £38m on behalf of its St James’s Place fund.
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News
Nikal reveals £300m plan for Blackpool ‘super casino’ site
Developer Nikal, Blackpool Council and Media Invest Entertainment have revealed plans for a £300m leisure scheme on a site formerly earmarked for a ‘super casino’.
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Online
Four House of Fraser stores to close in 2019 after failed rent discussions
House of Fraser is to close another four branches next year as a result of a rent dispute.
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News
UK’s first inflatable park to open in Meadowhall
The UK’s first inflatable park is set to open in British Land’s Meadowhall shopping centre this autumn.
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Online
Praxis buys Newcastle shopping centre
Praxis has bought a shopping centre near Newcastle for £30m in a deal that signals its intention to “invest aggressively in community shopping centres”.
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Online
Full speed ahead for Bucchleuch and Argon's Velocity logistics scheme
Buccleuch Property and Argon Properties have received detailed planning consent to develop a 157,000 sq ft manufacturing and distribution unit at a 10-acre site in Armstrong Way, Washington.
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Online
Stessa Leisure adds Stockton-on-Tees site to health club portfolio
A new 10-year letting to énergie Fitness by Stessa Leisure will see a new gym open in a Stockton-on-Tees shopping centre.
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Online
PHP buys Northumberland keyworker asset
Primary Health Properties (PHP) has paid £22.8m for a keyworker accommodation unit near Ashington, Northumberland.
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News
Ralph Lauren signs for first Leeds store at Hammerson scheme
Luxury retailer Ralph Lauren has signed for its first store in Leeds, taking 2,000 sq ft at Hammerson’s Victoria Leeds shopping centre scheme.
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Markets
Newcastle office market buoyant despite dearth of grade-A supply
Lack of available space in city centre pushes rents up to record levels.
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Markets
‘Landmark’ mixed-use scheme in Newcastle moves closer to fruition
Developer Jomast begins refurbishment of grade-A office building.
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Markets
Brewery site in Sunderland back on track after Carillion collapse
Carillion was part of the joint venture behind the Vaux Brewery scheme. Adam Branson reports on the impact of the firm’s collapse
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Markets
North East markets: momentum growing for Gateshead, Sunderland and Newcastle
Gateshead’s most prominent brownfield site has been a problem child for some time, but that may be about to change.
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Online
LXi trades industrial assets in £34m worth of deals
Long income industrial REIT, LXi has sold its SIG-let Carlisle manufacturing facility for £12.2m and acquired two north east industrial units for a combined £11.6m with the proceeds.
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Online
M&G forward funds Ashall's Middlebrough regeneration project
Developer Ashall Projects has secured a £22m deal with M G Investments to forward fund the delivery of its office-led Centre Square regeneration project in Middlesbrough.
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Insight
What do the 'silver generation' want in retirement?
Retirement and elderly care residences are in demand in the UK. Between the turn of the millennium and 2016, life expectancy jumped from 77.7 years to more than 80 years old.
