Northern Trust builds up Cramlington ownership

The port operator, which makes 90% of its revenue through its Teesport and Hartlepool sites, appears to be banking on the government’s green agenda to boost its saleability.

The Teesside-based social housing provider will use the money to support a green retrofit project across its property portfolio, which comprises more than 36,000 homes across the North East, Yorkshire, and Humber regions. 

Housing providers, developers, and investors have been loud and clear about what needs to be done to achieve the government’s housing goal of 1.5m homes before the end of this Parliament. Place North has listened and is taking action.

The 218,000 sq ft headquarters office building is occupied by Just Eat and was put up for sale at £11.5m this summer.

Reporting its preliminary full year results, the Newcastle-headquartered build-to-rent specialist reported profit before tax of £40.6m, up 48% year-on-year as demand remained high.

The RIBA award-winning Stoller Hall swapped out live music for an intriguing Place North Question Time event, where political leaders, investors, and industry figures took to a panel to take questions from Place North’s editorial team and members of the audience.

Pension Insurance Corporation, Muse, and Homes England have formed a £54m joint venture, tasked with bringing forward 3,000 low-carbon, low-energy affordable homes for rent.

Signed off by the previous government in May after a series of delays, the improvement of the critical route between Morpeth and Ellingham has been decreed “unfunded and unaffordable” by Chancellor Rachel Reeves.

Chancellor Rachel Reeves has announced her keenly awaited economic plans to the nation, reiterating her desire for more public investment and committing to heavily rumoured tax rises worth £40bn.