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Enterprise

North East deals of the week: Key acquisitions, contracts and investments

Companies featuring in this week's round-up include Brickwork Direct,

Nick Wilson and Ken Collins of Brickwork Direct(Image: Brickwork Direct)

A Tyneside brickwork firm has built up contracts worth more than £10m in the last six weeks as work within the housing sector ramps up across the North East.

South Shields-based Brickwork Direct Ltd specialises in housing and commercial brickwork and counts housebuilders in the private and social housing sectors as clients, including Gentoo, Keepmoat, Esh, Story Homes, Avant Homes and Partner Construction. The firm supplies bricklayers mostly to the residential development sector with a team of almost 200 tradesmen on its books, and managing director Ken Collins says the firm is currently dealing with contracts over the last six weeks with a labour value of more than £10m.

The company was established in 2003 and employs 25 staff at its headquarters in South Shields. Recent wins mean it is forecasting turnover of over £10m this financial year, up £2.5m over last year. The firm, which operates solely in the North East region from Alnwick to Teesside, has picked up five sites for Miller Homes with a labour value of over £4.2m, four sites for Story Homes at Dunston, Alnwick, Darlington and Stockton and with others in the pipeline for Gentoo in Whitburn and Sunderland.

Read more: People on the move - appointments of the week

Craft beer company BrewDog sealed a deal to open a bar at a riverside location in Durham.

(Image: PA)

The Scottish brewery and bar operator has confirmed it has reached agreement with the owners of the Milburngate development to open a venue. The bar will take a prime position at the Durham leisure, housing and business scheme overlooking the River Wear. The 3,736 sq ft BrewDog site will create a raft of new jobs when it opens, with seating inside as well as outside, with views of Durham Cathedral and Castle.

BrewDog currently has 67 sites across the º£½ÇÊÓÆµ, as well as bars in more than 20 countries including the US, Spain, Germany, Italy, Australia and Sweden, and the Milburngate opening forms part of its expansion plans. Further details of the bar, which will serve BrewDog’s range of craft beers and food, will be announced in the coming months ahead of an opening date to be announced soon.

A retail parade owned by the Duke of Northumberland has been sold to a private investor in a deal worth £1.5m.