Project Information
Project name: UK: Sunderland regeneration LABV
Project description:

Development, management and funding of the regeneration programme for the Sunderland area and potentially the wider North East region. The plan includes, but it is not limited, the following:

  • a portfolio of retail assets and a workspace portfolio of around 14 industrial assets
  • development opportunities in Seaburn, Chapelgarth, Former Vaux Brewery Site, Farringdon Row, Holmeside and Sunniside.

The strategic investment partner will participate and invest in a public private vehicle referred to as the Sunderland Delivery Vehicle (SDV).

The Maple Oak consortium, comprised of Carillion and Igloo Regeneration, has signed the deal to deliver a whole range of new infrastructure over 20 years.

Worth up to £800m to the consortium over the life of the contract, the deal includes a portfolio of retail assets and a workspace portfolio of around 14 industrial assets, plus development opportunities in a number of areas across Sunderland. 


Related headlines:

11 November 2014 - Financial close for Sunderland LABV
28/11/2013 - Winner for Sunderland LABV
26/10/2012 - Sunderland seeks regen partner

Type: PPP
Sector: Housing & regeneration
Region: UK - - North East
Current status: Project Signed - 11/11/2014
Contract Terms
Duration: 20 years
Capital value: £800.00m
Public Sector Procuror Details
Authority/Commssioning body: Sunderland City Council
Public sector contact: Glenda Herron
Tel: +44 (0)191 5531774
E-mail: glenda.herron@sunderland.gov.uk
Public sector advisors: Jones Lang LaSalle - Financial Advisors
Private Sector Details
Consortium name: Maple Oak
Private sector shareholders: Carillion - Shareholders
Igloo Regeneration - Shareholders
Private Sector Shortlist
Consortium name: Langtree Land and Property
Private sector shareholders: Langtree Group - Architects
Consortium name: Kier-led consortium
Private sector shareholders: Kier Group - Shareholders
Ramboll - Shareholders
Barratt Homes - Shareholders
BNP Paribas - Shareholders
Calmont Project Services - Shareholders

This page was last updated on:
11 November 2014.

thumb

Here we go again

UK Prime Minister Theresa May’s decision to call a General Election creates further uncertainty and delay – just as the country’s infrastructure market thought it might be getting somewhere

thumb

World View

Laurence Carter, senior director of the World Bank’s PPP group, tells Amanda Nicholls about a new culture of collaboration between the development agencies

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...