A company is growing its presence in North Tyneside after securing a deal for a former school.
Housing and regeneration specialist Keepmoat has continued to grow its presence by acquiring three new sites, including one in Longbenton, that will lead to an investment of £34m in the region.
The company has purchased the site of the former St Stephen’s School ahead of its development with 41 new dwellings, 31 for sale and ten affordable homes for Isos Housing.
The scheme, which is the latest purchase by Keepmoat from the Diocese of Hexham and Newcastle, is worth £5m.
Works to demolish the former school have now started and the first homes will be completed in early summer.
Keepmoat has also purchased sites in Stockton and Sherburn Hill, in Durham.
Ian Prescott, land and partnership director of Keepmoat, said: “We are delighted to continue to grow in the north east and these three new site acquisitions are set to make a significant positive impact on local communities, even more so as we plan to use local labour wherever possible to complete the developments.”
For more on Keepmoat visit www.keepmoat.com