Newspaper article The Journal (Newcastle, England)

Regeneration and Its Positive Impact across the Region; REGENERATION

Newspaper article The Journal (Newcastle, England)

Regeneration and Its Positive Impact across the Region; REGENERATION

Article excerpt


THERE has been much talk over the last 20 years about regeneration.

Jargon like hard and soft regeneration, social and physical regeneration, or urban and rural regeneration is commonly bandied around.

From our perspective in the property sector, we are engaged on a dayto-day basis in property developments which can transform our towns and cities.

This is hard or physical regeneration but it can lead to soft or social regeneration. It can change perceptions of a place, create jobs, alter the local economy and the demographics of a population.

From time to time, towns, cities and even regions need to reinvent themselves when their 'raison d'etre' no longer exists.

Invariably in the North East, due to the area's lower property values and the scale of the problems, these large-scale transformations have been conceived and kick-started by the public sector. The effect of these schemes can go far beyond the boundaries of a scheme.

The development of the Newcastle Quayside and East Quayside is one of the best examples of a successful regeneration scheme which has significantly impacted on the overall regional economy and perceptions of the city.

The initial infrastructure and planning inputs of the former Tyne & Wear Development Corporation have levered in substantial private sector investment in a diverse mix of uses including offices, residential and leisure.

GVA's Land and Development team in Newcastle advise many of the public sector bodies actively involved with regeneration across the region, including local authorities, government departments and agencies.

In Newcastle, GVA was recently appointed by Science Central LLP, a joint venture between Newcastle City Council and Newcastle University which forms part of the wider Newcastle Science City initiative. GVA will provide strategic property development, marketing and estate management advice including the development of a disposal strategy for the mixed-use development.

The 24-acre brownfield site will create a new urban quarter in the heart of the city, which will be central to Newcastle's economic future and will create a world-class hub for science-based businesses. …

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