Lambert Smith Hampton has promoted valuer Rachel Jones and planner Laura Dixon to directors in the Newcastle office.
Edinburgh and London-based investor Snowlarch has sold a portfolio of multi-let industrial estates in County Durham to Hadrian Industrial Estates, part of Hadrian Land.
Part of family-owned investor M Core, Evolve Estates has acquired the Viking Centre from a private landlord for an undisclosed sum.
Quoting rents in Newcastle have broken £30/sq ft and the best floors at Motcomb Estate’s Bank House are marketed at £32, according to Knight Frank research.
Avison Young, acting on behalf of Aviva Investors, has secured the sale of a shed occupied by BAE Systems in Washington, Tyne and Wear to a local government pension scheme, for a sale price of £50.15m, reflecting an initial yield of 6.8%.
JLL has announced a wave of promotions in its regional office.
Construction of HMRC’s new base in Newcastle’s Pilgrim’s Quarter is progressing at pace 18 months after the deal was completed to relocate 9,000 tax workers from Longbenton and Washington.
The annual event calendar for 2024 has been launched. Book early to position your business as thought leaders in your target markets.
Despite wider uncertainty around planning and rising borrowing costs, activity in the North East’s development land market is predicted to return in the summer following an encouraging start to the year.
Wilton Developments has bought 33 acres from Canmoor at Dynamo Park in Stockton-on-Tees for an undisclosed sum.
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