{"id":68157,"date":"2019-11-26T14:01:35","date_gmt":"2019-11-26T14:01:35","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=68157"},"modified":"2019-11-26T14:01:35","modified_gmt":"2019-11-26T14:01:35","slug":"100m-boost-for-sunderland-city-centre-regeneration","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/100m-boost-for-sunderland-city-centre-regeneration\/68157\/","title":{"rendered":"\u00a3100m boost for Sunderland City Centre regeneration"},"content":{"rendered":"<h2 class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/www.legalandgeneral.com\/?cid=PPC3063&amp;ef_id=Cj0KCQiAt_PuBRDcARIsAMNlBdqekpRkvabY90-PHA1C1PbY2EViekGotZjJlSS12Ev-s4yOPVT5lVQaAlJMEALw_wcB:G:s&amp;s_kwcid=AL!8441!3!373080459353!e!!g!!legal%20%26%20general&amp;nst=0&amp;gclid=Cj0KCQiAt_PuBRDcARIsAMNlBdqekpRkvabY90-PHA1C1PbY2EViekGotZjJlSS12Ev-s4yOPVT5lVQaAlJMEALw_wcB&amp;gclsrc=aw.ds\" target=\"_blank\" rel=\"noopener noreferrer\">Legal &amp; General<\/a> has announced its support for the Sunderland regeneration project, after agreeing a \u00a3100m deal with <a href=\"https:\/\/www.sunderland.gov.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sunderland City Council<\/a><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The investment from Legal &amp; General seeks to deliver three new commercial buildings, comprising up to 300,000 sq ft of Grade A office space including the new <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/sunderlands-new-city-hall\/67705\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sunderland City Hall<\/a>. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Legal &amp; General\u2019s investment should act as a catalyst for wider regeneration, driving regional economic growth and job creation within Sunderland.<\/span><\/p>\n<p><span class=\"s1\">Legal &amp; General\u2019s support will deliver three buildings on the former Vaux Brewery site and form part of the wider Riverside Sunderland regeneration project, being hailed as transformational for the local area.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Nigel Wilson, CEO of Legal &amp; General, said: \u201cSunderland City Council has drawn up a visionary plan for Sunderland; a city ripe for economic growth, having historically lagged behind its Northern neighbours. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;As seen with our other Future Cities investments in areas such as Oxford, Leeds, Bristol, Newcastle and Cardiff, a long term patient capital injection can completely transform towns and cities. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;This can have a direct social impact, creating real jobs and supporting real wage increases, whilst creating a virtuous circle by generating income to pay pensioners.&#8221;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Chief executive of Sunderland City Council, Patrick Melia, said: \u201cMake no mistake, today\u2019s announcement is the single most significant investment story to come out of Sunderland for decades.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cL&amp;G\u2019s backing will allow us to supercharge plans to transform our city centre, creating a magnet destination that will attract more people to live, work and play here.&#8221;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Council leaders have promised there is more exciting news in the pipeline, as work moves apace on a \u00a31.5bn programme of transformation across Sunderland. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Patrick added: \u201cToday is a huge, huge step forward, but there\u2019s more to come. We are absolutely determined to create the healthy, dynamic and vibrant city our residents deserve and want to see, and we will keep building on each success, to transform Sunderland and create a place where people can be proud to live, work and do business.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The news follows a series of positive investment announcements. Ocado announced plans to open a base in Sunderland just weeks after work on THE BEAM had completed, and a second tenant, Penshaw View, has also taken space on the ground floor as it looks forward to the expansion. The second phase of work on the development-site has seen work on a new City Hall for Sunderland get underway.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Among other exciting new <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/sunderland-a1231-road-upgrade\/54380\/\" target=\"_blank\" rel=\"noopener noreferrer\">city centre developments<\/a> is a 120-room Holiday Inn hotel on Keel Square; a 450-seater auditorium, that is now under construction in the city\u2019s Minster Quarter; a new business centre, in the former River Wear Commissioners Building as well as announcements in Seaburn of a STACK development and proposals for a pub with rooms from the Inn Collection Group. <\/span><\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Legal &#038; General has announced its support for the Sunderland regeneration project, after agreeing a \u00a3100m deal with Sunderland City Council.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[13038,676,997,675,952,669],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-68157","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-building","8":"tag-construction","9":"tag-development","10":"tag-heritage","11":"tag-planning","12":"tag-regeneration"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u00a3100m boost for Sunderland City Centre regeneration<\/title>\n<meta name=\"description\" content=\"Legal &amp; 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