Pemberstone sells Washington asset for £1.6m

Launching the Teesside Flexible Investment Fund, FW Capital said that money from repayments and exits will be recycled into new deals, providing a potential total investment of £68m.

Main contractor Kier has tasked the Hebburn-based firm with supplying all mechanical, electrical and public health services at the 72,000 sq ft Sunderland development.

The city council has appointed advisor Stärka as it looks to create a 60,000 sq ft entertainment district on the former leisure centre site, adjacent to the Riverside Sunderland urban quarter.

Ground has been broken on the 400,000 sq ft industrial development, a joint venture between Partners Group and York-based sector specialist Citivale.

Regional housebuilder Banks Homes has added to its senior management team by recruiting Aisling Ramshaw as head of sales and marketing.

A banner project for the city led by Newcastle University and Genr8 Kajima Regeneration, the transformation of the 29-acre former General Hospital site is expected to be greenlit this month.

Asset manager Sovereign Centros from CBRE has announced a trio of deals, with kitchenware firm ProCook, footwear retailer Clarks, and lingerie brand Victoria’s Secret set to make moves.

Work has begun to transform a section of derelict land in the centre of Bishop Auckland as the town centre improvement programme takes shape.

The industrial-focused agency has hired Douglas Cranston as investment director.