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Other press releases
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Langtree sets cautious growth path in �testing� economy
Property company, Newton-le-Willows based Langtree, has set out a path for cautious growth as economic uncertainties continue to dampen demand and depress rental values for commercial property in the UK.
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Langtree welcomes another tenant to Mere Grange
Langtree has announced a further deal for its prestigious self-contained offices at Mere Grange in St Helens.
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Restoration of Liverpool�s Festival Gardens about to begin!
The �3.7m restoration of Liverpool�s International Garden Festival site is finally set to begin almost 26 years after the event first opened to the public.
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Century Park Networkcentre on a roll
In the current property market downturn Century Park Networkcentre based in Rotherham is experiencing an influx of new tenants with six deals recently completing and more in the pipeline.
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Centrix continues to thrive
Langtree has recently seen a purple patch of deals at its prestigious serviced offices at centrix@newton in Newton-le-Willows, announcing six new lettings.
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Vector 31 Phase 2 has a full house
Langtree has signed up another two occupiers for over 31,500 sq ft of industrial/warehouse space at the second phase of its Vector 31 in Rotherham.
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Langtree announces latest deal at Alchemy
A Merseyside food distribution company has taken two new industrial units totalling over 21,000 sq ft in Knowsley following further expansion.
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i2 Mansfield is looking healthy
A Mansfield-based company who are the leading independent supplier of radiology information solutions in the UK has moved to new offices in i2 Mansfield, on Oakham Business Park.
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Planning granted for �35 million Hodge Hill site
Regeneration partnership PxP West Midlands has received planning permission for the first phase of a �35 million development in Hodge Hill, with the potential to create up to 500 new jobs in the area.
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Century Park Networkcentre opens its doors to Gerco
A South Yorkshire-based company has relocated its regional offices to the second phase of Century Park Networkcentre in Rotherham.
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Mere Grange open for business
Mere Grange, the stunning business park development by Langtree, recently opened its doors for business as prospective tenants were invited to join current tenants, Lloyds Business Communications and Miller Construction, to view the site as a potential base for their operations.
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�25 million North East development opportunities go Onsite
A �25m regeneration partnership between Regional Development Agency One North East and property investor and developer Langtree has been officially launched today and named Onsite North East.
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Network Space houses new tenants
Network Space has announced a further two lettings at Sherwood Networkcentre, its workspace and office development in Ollerton.
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Planning granted for �42 million Black Country scheme
Regeneration partnership PxP West Midlands has received outline planning permission for the �42 million Brindley Village II scheme in North Smethwick.
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Double deal in Oswestry
PxP West Midlands has announced a further two lettings at its Radford�s Field Industrial Estate in Oswestry, Shropshire.
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North Notts College grows in Worksop
North Nottinghamshire College has leased additional space at Network Space�s Shireoaks Networkcentre in Worksop, Nottinghamshire.
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The City Works for Hatov
Continuing the success of its The City Works site in Openshaw, Langtree has announced another occupier taking the occupancy to 93 per cent.
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Connecting with Liverpool City Centre
Langtree has announced a further two deals for its prestigious self-contained offices at Connect Business Village in North Liverpool.
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West Moor Park see tenant expand
Network Space�s West Moor Park Networkcentre in Doncaster has seen one of its tenants grow within the site.
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Mansfield Networkcentre provides Shelter
A Nottinghamshire-based bus shelter maintenance company has leased new space in Mansfield.
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High Carr Business Park announces its latest letting
A national flooring company has leased new space in Newcastle-under-Lyme following further business expansion.
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New occupier for Langtree's Mere Grange
Langtree has signed up Lloyds Business Communications Limited for nearly 3,500 sq ft of office space at Mere Grange in St Helens.
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Premier letting at 40 Springardens
Langtree has secured a new tenant at its Grade A office scheme, 40 Springardens in Manchester city centre.
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Mere Grange secures first letting
Following a recent high profile launch Langtree has secured the first letting for its prestigious new business park in St Helens, Mere Grange.
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International vacuum company takes Moira base
International vacuum pump company Oerlikon Leybold Vacuums has expanded its UK arm and opened a second base...
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Biker business beats credit crunch
Jarrow-based motorcycle parts and repairs business, Bill�s Motorcycles has bucked the current economic trend and experienced steady growth over the last year...
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Sheffield security company finds ideal growing space
The Sheffield arm of a national security system repair company which services the UK�s leading retail giants is expanding into larger premises...
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Paper import company selects Sherwood for first UK base
East Midlands entrepreneur Mark Carter is defying the economic climate by setting up a new paper product import business at Sherwood Networkcentre in Ollerton.
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Planning permission granted for Crown Point East Retail Park in Denton, Greater Manchester
Planning permission granted for Crown Point East Retail Park in Denton, Greater Manchester
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Company named to lead business development portfolio
Company named to lead business development portfolio
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St Helens Rugby Stadium is granted planning permission
St Helens Rugby Stadium is granted planning permission
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Public inquiry finds in favour of �250m scheme
Public inquiry finds in favour of �250m scheme
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Langtree �Connects� with Liverpool
Langtree �Connects� with Liverpool
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Langtree launches further phase in Wolverhampton
Langtree launches further phase in Wolverhampton
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Langtree launch further phase of speculative development in Rotherham
Langtree launch further phase of speculative development in Rotherham
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Press Releases
�25 million North East development opportunities go Onsite
Date: 29th June 2009
A £25m regeneration partnership between Regional Development Agency One North East and property investor and developer Langtree has been officially launched today and named Onsite North East.
One North East has transferred its impressive development land portfolio into the new Company, which is now tasked with managing and investing in the sites, accelerating their development and encouraging new property activity in the region.
The portfolio comprises 23 sites totalling in excess of 1,000 acres, ranging in size from 1 to 130 acres. The sites are spread throughout the region from Berwick upon Tweed in the north through to Redcar in the South. Key strategic sites such as Newburn Riverside and East Quayside, both in Newcastle, Ashwood Business Park in Ashington, Meadowfield in Durham and Queens Meadow in Hartlepool offer exciting potential for new investment.
While the focus of the portfolio is weighted towards workspace, warehousing and offices, there are a number of sites that have the potential for leisure, retail and residential uses.
Onsite North East, whose office is based in Glover Networkcentre in Washington, will work with a wide range of partners including owner occupier businesses, property developers, agents and public sector bodies in ensuring sites are brought forward, new activity encouraged and jobs created.
The primary focus of the partnership will be the development of the 23 sites transferred, using Langtree’s expertise to accelerate development.
This is the second major Regeneration Public Private Partnership (PPP) that One North East has formed to drive forward the region’s property market. In April 2004 the Agency and UK Land Estates formed the innovative partnership company Buildings for Business, which is recognised as national best practice – bringing in private sector expertise and finance to manage and develop the Agency’s 1,700 properties on 49 business estates. Profits from the partnership are reinvested into improving the range and availability of business premises around the region.
One North East has transferred its land holdings into Onsite North East to maximise regeneration benefits and value for money from the sites. This joint partnership venture is expected to last for up to 15 years, and will enable both public and private funds to be made available to facilitate future developments. Proceeds from the development of these sites will be used to fund further regeneration activities.
Margaret Fay, Chairman of One North East said: “One North East is focused on helping the region out of the recession, but we also need to maintain our longer-term outlook for the future of our economy.
“The purpose of this partnership is to accelerate development on the Agency’s industrial and commercial sites and maximise the value of our assets, using the resources and expertise of private partners.
“We have introduced private sector investment and expertise into other projects with considerable success. We feel this new partnership can harness the potential of these major sites to accelerate regeneration and help the region come out of the downturn in the best possible shape.”
Stephen Barnes, Chief Executive of Onsite North East said: “One North East’s development portfolio offers a unique opportunity to encourage property investment within the region. This asset base is the ideal foundation for creating commercial opportunities that will benefit the region.
“Langtree’s experience and expertise of similar delivery vehicles will greatly assist is in ensuring that Onsite North East is a great success, that these sites are developed and that jobs are created.
“Langtree has a strong track record of delivery with public sector partners and we are confident that Onsite North East will become a key delivery vehicle within the region.”
This is the third major long-term public/private development services contract for Langtree following the success of its Network Space joint venture with the Homes and Communities Agency and PxP West Midlands with Advantage West Midlands.