Investment Property News - Bueno Investments Limited

A £60m regeneration scheme in the heart of Durham City has received a
crucial boost.

Regional development agency One NorthEast has approved £4.24m of funding to acquire the Old Shire Hall and 14 and 15 Old Elvet.

The adjacent plots, which are both strategically important for the project,
are currently used by Durham University.

Under the proposals, the university will lease the buildings back from One
NorthEast while it continues with the proposed £60m Gateway programme.
Acting director of regeneration Ed Rowley said: "The importance of this
funding to the long-term regeneration plans for Durham cannot be
underestimated.

"Without this funding, Durham University would not be able to progress its
Gateway programme, and that would jeopardise the wider regeneration of
Durham which is identified in the Durham 2020 Vision Masterplan.

"These are really exciting times for Durham. The city is already considered
to be one of the jewels in the region's crown and I'm certain the masterplan
will ensure it achieves its full potential, putting it at the forefront of the region's economic development."

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http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.onenortheast.co.uk/page/index.cfm (One NorthEast)