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Commercial Property

North East property deals: Lettings, investments and plans you shouldn't miss

Property stories include plans for a Sunderland training facility, a Spectrum Business Park investment deal and an office move for Design North

A CGI of how the Housing Innovation and Construction Skills Academy will look(Image: Housing Innovation and Construction Skills Academy)

Plans for a North East training facility to provide next generation skills for next generation homes have been submitted.

Sunderland City Council, Sunderland College and the Ministry of Building Innovation and Education (MOBIE) have worked together to develop plans for a Housing Innovation and Construction Skills Academy (HICSA).

The facility will educate, train and upskill local people to create innovative factory-built new homes, the first of which will be assembled at Riverside Sunderland.

Read more: Find more commercial property news from BusinessLive here

A planning application for the £15m building has been submitted to the local authority, which – if given the green light - will pave the way for work to start later this year.

The facility earmarked for Sheepfolds will be operated by Sunderland College with support from industry partners. It will form a key part of Sunderland’s ambitious city centre housing ecosystem, enabling Sunderland people to meet the city’s future housing needs, with the skill and expertise to employ modern methods of construction (MMC).

A private investor has swooped for a Spectrum Business Park building in a £3m deal.

The Spectrum 7 building in Seaham(Image: Avison Young)

Avison Young acted on behalf of the Trustees of 2007/2008 Regent Capital 7+8 Syndicate to secure the investment sale of Spectrum 7 at the Seaham business park.