Five assets in the fund’s Polaris industrial portfolio amounting to a combined 1m sq ft have been traded in a series of transactions.
Along with Watling Real Estate, the agent has been tasked with finding a buyer for 25 pubs across Yorkshire and the North East by administrator Interpath Advisory.
Owner St Modwen has exchanged contracts with Evolve Estates for the sale of Billingham town centre, Place North East understands.
Japanese motor giant Nissan has confirmed that production of the three models made at its North East plant will go electric at the site, meaning a £3bn investment.
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.
A further 400-plus homes will be completed this calendar year, said the Newcastle-headquartered build-to-rent specialist, adding to 1,200 already built.
The latest construction market intelligence report from the consultancy shows business activity in the North East falling to record the lowest score in the UK.
Newcastle, South Tyneside and Stockton-on-Tees, which plans to invest in Billingham town centre, all bagged around £20m in the latest tranche of regeneration funding.
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.
Of the eight developments making up 306 new homes sold to the private rental operator, four are in the North East.
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