{"id":97262,"date":"2021-08-04T10:23:22","date_gmt":"2021-08-04T09:23:22","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=97262"},"modified":"2021-08-04T10:23:22","modified_gmt":"2021-08-04T09:23:22","slug":"property-investment-projects","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/property-investment-projects\/97262\/","title":{"rendered":"Gentoo pursues partners for \u00a365m property investment schemes"},"content":{"rendered":"

The Gentoo Group<\/a> is seeking partners to support the delivery of major investment work to its housing portfolio across three major schemes<\/h2>\n

Three opportunities are available as part of a \u00a332m internal modernisation scheme<\/a> that will see kitchens, bathrooms and communal mechanical and electrical installations upgraded as well as electrical rewiring and new sprinkler installation.<\/p>\n

The work will be delivered across four financial years starting in April 2022 and ending in April 2026 and will be split into three lots including two domestic lots and one high rise tower block lot.<\/p>\n

The domestic lots will be determined by geography and will include identical work that will be split depending on location with Sunderland.<\/p>\n

At the forefront of Gentoo\u2019s ongoing investment is a city-wide roof replacement<\/a> scheme, with a \u00a316m contract available for a partner to complete the replacements and all other associated work across a four-year period, starting April 2022.<\/p>\n

In Pennywell, the Group is looking for a partner to complete a significant external regeneration scheme to help transform the appearance of the estate by completing roofing, window and boundary replacements.<\/p>\n

This is due to commence in Summer 2022 for two years and is a \u00a319m investment within the Pennywell estate.<\/p>\n

These projects form part of Gentoo Group\u2019s major \u00a3183.5m investment into its existing properties between 2021 and 2026.<\/p>\n

Ambition to improve neighbourhoods<\/h3>\n

Diane Carney, director of property at Gentoo Group, said:\u00a0\u201cThis is a very exciting time at Gentoo.<\/p>\n

\u201cOur plans to invest in our stock will benefit thousands of tenants across the city and is a major step in modernising our properties and the environments of our neighbourhoods.<\/p>\n

\u201cWe are looking for partners who share our ambition to improve our neighbourhoods and who are committed to putting our tenants at the heart of the work by delivering high quality services whilst remaining consistent, reliable and efficient.<\/p>\n

\u201cIf you are interested in these exciting opportunities to lead major investment schemes in Sunderland, please don\u2019t hesitate to get in touch with us.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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