Regional hub ambitions
A major office development in Northumberland has been completed with the help of a £500,000 investment from FW Capital, which manages the North East Property Fund.
Property developer Peter Candler secured the loan to finance the completion of the Rivergreen Centre at St Mary's Park.
The former site of St Mary’s Hospital is a new community set in open countryside, approximately two miles west of the village of Stannington.
The 12,480 sq ft office sp-ace development, available to let by a single occupier or as serviced office suites, offers state-of-the-art commun-ication and quality amenities.
It has ambitions to become a regional hub for business – with a large boardroom, conferencing facilities for up to 100 delegates and catering from nearby award-winning gastropub St Mary’s Inn.
The project has the potential to create 80 jobs once the site is fully occupied.
Mr Candler said: “Built in the heart of Northumberland’s spectacular living landscape, the Rivergreen Centre offers the benefits of 21st Century technologies within the tranquillity of a rural setting.
“We are very grateful to FW Capital for its support. Its flexible approach and can-do attitude made it the ideal funding partner for this project.”
This is the first commercial development to benefit from the £10million North East Property Fund.
Tony Cullen, investment executive at FW Capital, said: “Situated in a rural location with good transport links, the development caters perfectly for businesses that do not need a city centre presence.”