Published: 25th Nov 2019

Legal & General has backed Sunderland City Council’s regeneration masterplan and committed £100m to develop the former Vaux Brewery site. The site is set to be as a new core business district and Legal & General’s investment, which forms part of the wider ‘Riverside Sunderland’ project, is supporting the creation of up to 3,000 new jobs. The £100m will deliver three new commercial buildings, comprising up to 300,000 sq ft of Grade A office space, including the new Sunderland City Hall. According to Legal & General, it should also act as a catalyst for wider regeneration, driving regional economic growth and job creation within Sunderland. ‘Today’s announcement is the single most significant investment story to come out of Sunderland for decades,’ said Sunderland City Council chief executive, Patrick Melia. ‘We are absolutely delighted that the vision we have created for this city is attracting the enthusiasm, support and most importantly … (To read the full article, subscribe below)