A private sector partner has been chosen to work with Sunderland City Council on a major redevelopment programme announced at the start of this year.
A consortium led by Carillion and Igloo Regeneration Ltd was selected for the public and private partnership that will breath new life into six key sites across Sunderland.
The decision was made during the council’s cabinet meeting on Wednesday, with the consortium being selected from a shortlist of three bidders.
Council leader, Cllr Paul Watson, said: “The chance to take part in an ambitious, long-term initiative attracted bids from the UK’s leading construction, housebuilding and regeneration companies.
“We were delighted at the high standard of the shortlisted bids and it was a difficult task to choose the preferred bidder, but the commitment, track record and approach of the chosen consortium gave it the winning edge.
“This decision marks an important milestone in the joint venture agreement which will breathe new life into under-used publicly owned land in prime sites for development.
“The programme will invigorate key areas of the city and offer new opportunities for employment, housing, shopping and leisure.”
The areas being redeveloped are: the former Vaux Brewery site, Seaburn, Chapelgarth, Farringdon Row, Holmeside and Numbers Garth Sunniside.
Langtree Land and Property plc were also shortlisted for the work, along with a consortium including Ramboll, Calmont Project Services, Barratt Developments PLC, Kier Construction, and BNP Paribas Real Estate Advisory & Property Management UK Limited.
Development director at Carillion Developments Neil McMillan said: “We have been very impressed with Sunderland City Council’s ambitions for the City and its forward thinking leadership in forming this innovative long term partnership.”
Partnerships director at Igloo Regeneration, John Tatham, said: “In evolving our proposals, we considered how the ages of commerce in Sunderland have influenced the city and how the design of the past can inform us in planning the future.
“In forming this joint venture with the City Council, Igloo and Carillion are dedicating investment and resources to deliver this regeneration, spearheading a step-change in the Sunderland economy.”