Each month, we’re going to be rounding up the top five property and development stories from across the region. If you’d like to submit your own news for consideration, please email [email protected].
Newcastle Council Leader plans review into ‘confused’ Grey Street transformation
New Council Leader Nick Kemp spoke out this month stating he was planning a review into the proposed pedestrianisation of Grey Street.
“I would like a review of Grey Street. Whatever we do needs to be something that adds intrinsically to the value of Grey Street.
“There needs to be an understanding of how we want Grey Street to work for the city. At the moment it feels confused.”
2) The eight new railway lines that could transform the region’s train services by 2035
Earlier this month, The Chronicle reported that a new vision for the North East’s rail infrastructure was set to be signed off. This included the reopening of mothballed tracks such as Leamside Lane, bringing trains to Washington for the first time in decades and also looking at multiple extensions to the Tyne and Wear Metro Service.
Read the full article to see the breakdown of the proposed vision.
3) Northumberland County Council gives the go-ahead for Cambois offshore wind farm cable plant
A new factory in Northumberland will create over 200 jobs. The JDR Cable Systems plant will be built on Advance Northumberland’s Northumberland Energy Park Phase One and is due to be completed in 2024.
Read more on the BBC update, here: https://www.bbc.co.uk/news/uk-england-tyne-61730399
4) Global technology consultancy chooses Newcastle as its next base, creating 200 jobs
Invest Newcastle has been working with Credara since last Autumn on establishing a presence in the region. The business will be setting up its new base in The Catalyst Building alongside the National Innovation Centre for Ageing and the National Innovation Centre for Data on Newcastle Helix.
Head to the Invest Newcastle to read the full release: https://investnewcastle.com/news-and-events/ambitious-global-technology-consultancy-chooses-newcastle-creating-200-new-jobs/
5) North East contractor Esh Construction secures contract for the Tyne Bridge Restoration
Esh will proceed with vital inspection works to assess the current state of the bridge and complete detailed costing and project plans in order to satisfy the Government’s strict conditions in providing £35.3m as part of a £41.4m bid to the Department of Transport for the restoration of the bridge.
Read more on Portfolio North: https://www.portfolionorth.co.uk/business/contractor-named-for-tyne-bridge-major-repair-programme/