Real estate offers in the North-East: rentals, investments and projects not to be missed
Plans for a North East Training Center to provide Next Generation Skills for Next Generation Houses have been submitted.
Sunderland City Council, Sunderland College and the Department for Building, Innovation and Education (MOBIE) have worked together to develop plans for a Housing Innovation and Building Skills Academy (HISCA).
The facility will educate, train and upskill locals to create innovative new factory-built homes, the first of which will be assembled in Riverside Sunderland.
Read more: Find more commercial real estate news from BusinessLive here
A planning application for the £15million building has been submitted to the local authority, which – if given the green light – will pave the way for work to start later this year.
The Sheepfolds-only facility will be operated by Sunderland College with support from industry partners. It will be a key part of Sunderland City Centre’s ambitious housing ecosystem, enabling the people of Sunderland to meet the city’s future housing needs, with the skills and expertise to use modern building methods. (MMC).
A private investor rushed into a Spectrum Business Park construction under a £3million deal.
Avison Young acted on behalf of the trustees of 2007/2008 Regent Capital 7+8 Syndicate to secure the investment sale of Spectrum 7 to Seaham Business Park.
Spectrum 7 is a three-storey, 47,398 square foot office building, leased to Great Annual Savings Company Ltd for a term of 15 years from June 2020, under a full repair and insurance lease.
The tenant has invested £1.3m in an impressive building fit-out and the £3m purchase price reflects an 8% yield.
Paul Wellstead, developer of Spectrum Business Park, said: “Great Annual Saving’s new sea view headquarters at Spectrum 7 has set a new benchmark for development throughout the park. This speaks to the flexibility of Spectrum’s office space, providing a truly inspiring place to work for its employees.
“The investment will be a fantastic addition to the buyer’s portfolio.
Jamie Sim of Avison Young added: “Avison Young is delighted to have advised our client in the sale of this modern Grade A office to a private investor. The buyer was attracted to the asset because of its attractive yield profile and the excellent tenant layout. »
Two leading built environment companies were named for the latest Teesside University Campus project.
The Buttery Building is to be transformed into a postgraduate student center, providing an innovative space for postgraduate students and researchers to study, collaborate and socialize on campus.
It is the first project to break ground since the start of the pandemic and the latest development in the university’s £300m campus master plan.
Howarth Litchfield, based in Durham, was appointed architect and Summers-Inman, based in Newcastle, was appointed quantity surveyor and contract administrator for the £5million scheme.
The project, which includes the design and complete renovation of an existing two-storey building in addition to a new extension, will combine with already completed projects to improve the campus and provide world-class student facilities.
The new extension will provide a modern entrance feature to the building while retaining the original features of the building.
Tyneside Workplace Design Specialist North Design moved to new offices to accommodate its growing team.
An influx of work for hotels, offices, apartment blocks and university buildings led to the recruitment of five new designers, prompting a move to a new space at Hoults Yard in Newcastle.
And while there has been a surge in demand for Design North’s more traditional services, there has also been great interest in the company’s “Hypercave” garages designed to house supercars, while the director designer Scott Stewart talks to Jordan about working with sportswear giant Jumpman. Brand.
Design North’s new designers under Mr Stewart and Strategic Director Jacqui Martin are helping to transform a luxury apartment complex in the former Allied Irish Bank on Collingwood Street, Newcastle, and are also working on a development of offices at Gray Street.
Other work includes Newcastle University’s new £60million Stephenson Building, which replaces the original 70-year-old building, as well as interior design – and some external design work – on 13 pubs and hotels for The Inn Collection.
Mr Stewart said: ‘It’s been a crazy few months – we’ve been so busy with so many different and exciting projects.
the Northern School of ArtThe new multi-million pound campus is complete.
The £14.5million scheme, carried out by BAM Construction’s North East team, saw the college-level campus of the Northern School of Art relocate from its former premises built in the 1960s in Linthorpe to a new purpose-built three-storey building in the center of Middlesbrough. .
Dating back to 1870, the Northern School of Art offers a range of courses in arts, design, theater and film.
The new campus building will accommodate over 750 students, from graduates to postgraduates, and features over 5,000 m2 of teaching space including studios for fine arts, textiles, fashion, digital media , photography and 3D product design.
Designed by Seven Architecture, the building design features an exposed concrete frame and polished concrete floor, with exposed thermal mass to moderate internal temperatures and use less energy.
The exterior of the building features a glazed terracotta facade to reference the school’s tradition of ceramics and fabric classes.
The building was funded by an investment from the Mayor and the Tees Valley Combined Authority (TVCA), with support from Middlesbrough City Council.
BAM, which has offices in Newcastle and has been building in the North East since 1916, was chosen to deliver the project following a competitive tender process under Yorbuild.
Sign up here to get the weekly commercial real estate newsletter delivered to your inbox every Thursday