Newcastle’s Founders Place is one of the UK’s most high-profile development sites that is being taken forward by a JV – Stephenson Works LLP – between Newcastle City Council and igloo Regeneration with Thriving Investments (part of the Places for People group) to facilitate the regeneration of 4.3 acres of brownfield land behind Central Station. An estimated £106m of investment will transform six plots, all council-owned land, developed by the new partnership.
The council will contribute the land and PfP Igloo will contribute an equal share of capital investment to bring plots forward. The council has the option to invest capital in plots, should it wish to do so.