Legal & General has filed plans for the first of two phases at a £60m business park development in Sunderland.
Hillthorn Park will deliver 600,000 sq ft of floorspace for industrial, storage and distribution businesses.
The planning application will be debated by the council’s committee in June. If it is approved, work on the 25-hectare site in Washington is slated for September, with an aim to complete by 2023.
Paul Edwards, director of asset management at LGIM Real Assets, said: “Hillthorn Park is one of two significant job-creating commercial developments we are backing in Sunderland, a city that has impressed us with its vision and intent. We’ve invested some £160m in all, because we absolutely back the council’s plans to bolster its economy by creating commercial spaces that will attract businesses, and with them support the creation of new jobs for local people.”
Graeme Miller, leader of Sunderland City Council, said: “This is an important site for the city with vast potential to attract job-creating businesses, so we’re very pleased that Legal & General is helping us to realise our vision and – through a £60m investment – is supporting us to rapidly advance our plans to unlock the potential of this site for local people.”
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