Sunderland seeks regen partner
Sunderland City Council is seeking to transform parts of the city over the next 20 years through its Sunderland Delivery Vehicle.
Councillor Paul Watson, leader of Sunderland City Council, said: "We have scrutinised our assets and decided which from our broad portfolio could best be brought forward to maximise their potential. Through this joint delivery structure we will be actively involved as a partner in their future management and growth."
Areas such as Holmeside, the former Vaux site, the riverside and other prime locations are priorities for investment.
The council aims to appoint a private sector partner for a 15-20 year period by the middle of next year with the help of Jones Lang LaSalle.