Tata Consultancy Services has agreed terms on 8,000 sq ft of office space at Frogmore’s Lingfield Point business park as it seeks to fulfil a key pension administration contract.
Investment fund Develop North has provided a £2.2m funding package for the pallet supplier to build 17,000 sq ft of warehousing and manufacturing space in Darlington.
Work has officially begun on the flagship leisure scheme at the Waterfront, with Wates Construction expecting to complete the £34m project in 2025.
Paul Finnimore, who joined the firm in 2022, has been made a board director, heading up the North East and Scotland regional offices from Redcar.
Owner St Modwen has exchanged contracts with Evolve Estates for the sale of Billingham town centre, Place North East understands.
UK Export Finance and South Korea’s export credit agency have helped SeAH Wind UK to secure £367m from Standard Chartered Bank and HSBC UK to build the world’s largest wind monopile manufacturing facility in Redcar.
Around 100,000 sq ft will be built across 43 units, in a development intended to allow supply chain businesses to locate close to large-scale power projects now under way.
Stockton-on-Tees’ Preston Hall Museum will be expanded, while a shortlist for the Museum of Hartlepool’s £6m revamp has been announced.
Meynell Road Retail Park, one of eight assets traded in a £35m portfolio sale, will now come under the management of LCP as the buyer declared its intent for more acquisitions.
A draft masterplan to bring up to 3,700 homes to 1,200 acres north-east of Darlington has been developed by Banks Property and Skerningham Estates.
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