9-17 Collingwood St Newcastle – Wikimedia Commons

Leisure plans for transformation of former bank in central Newcastle

More than 100 jobs could be created through the construction phase at the old Allied Irish Bank building in Newcastle A former bank headquarters in the North East is poised to be transformed into a new leisure and housing scheme, developers have revealed. The former Allied Irish Bank building on Newcastle’s Collingwood Street is set to become a multi-million pound mixed residential and hospitality development, through plans submitted for approval. The move will see developers Portland Real Estate Group transform the site into a ground and mezzanine floor bar and…

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Paddock Johnson: New Brighton

Viking pushes boat out on leisure at £80m New Brighton scheme

The developer aims to submit an application for a mixed-use scheme at Marine Promenade this summer It is close to agreeing a deal that will see a leading UK entertainment provider take 80,000 sq ft at the Wallasey project.  The attraction will be Gravity Active’s second North West venture. The family entertainment provider signed for 31,000 sq ft at Warrington’s Time Square last summer.  In New Brighton, the ground floor leisure space would replace the existing New Palace and Adventureland attractions that are to be demolished in a bid to revitalise the…

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Mayfield Park c. Studio Egret West & Factory Fifteen

U+I’s hunt for Mayfield funding goes on

The developer is still looking for lenders to back the first phase offices and car park at the large Manchester project. The developer ……. [has] updated the stock market on the “root and branch review” of the business. Shares in U+I fell 5% on Wednesday morning as it reported a pre-tax loss of £86.7m in the year to April compared to a £58.6m loss the year before. The net asset value of its portfolio fell 30% to £202m. A series of disposals reduced debt to £72.1m, a gearing level of…

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