1.Gosforth Shopping Centre sold to Property investor Custodian REIT for £9.3 million.
Custodian REIT will invest the sale proceeds into its ongoing pipeline of building refurbishment, which is anticipated to enhance rents and improve the environmental performance of its portfolio.
2. Aparthotel planned for Ouseburn Valley
Developer Modo Bloc has showcased its plans to create an aparthotel in Newcastle Ouseburn Valley. The £8.5m project will comprise a mix of one, two and three-bedroom apartments, alongside one four-bed apartment.
3. AirView Park set for expansion under new plans
As a result of rising demand for office spaces in the area, a planning application has been submitted to expand the space in Newcastle. It will include 11 self-contained workspace units for single or multiple occupancy, dedicated parking areas, an independent café, and open landscaped and social areas.
4. Demolition has started on Sunderland Civic Centre.
The demolition work has begun on Sunderland Civic Centre to clear space for 265 new homes to be built. The development is part of a wider programme of regeneration in the city centre which hopes to double the number of people living and working in the area.
5. Architects unveil CGI images of Sunderland’s future Riverside
The highly detailed digital projection, which has been created by North East architects FaulknerBrowns, captures a raft of new buildings, most of which are already under construction, as well as a number of future phase developments.
6. Plans to extend Royal Victoria Infirmary in Newcastle set to be backed
A new paediatric cardiothoracic centre is looking to be approved soon. Once approved, the scheme would present a capital investment of about £40m and would support construction jobs and indirect jobs in the supply chain.
7. Shipping container venue, Stack, set to return to Newcastle
Plans have been submitted to create a pop-up STACK, in the Stephenson Quarter behind Central Station, which will be in place for a year. The temporary scheme will include bars, a double tipi, street food vans, a stage and a large screen.