Newcastle and North Tyneside LIFT project moves to second phase

14 January, 2007

Among three new buildings being developed as part of the LIFT project in Newcastle and North Tyneside is this project at Gosforth in Newcastle.

Robertson Construction North East England Ltd has reached financial close on the second tranche of a Local Improvement Finance Trust (LIFT) project in Newcastle and North Tyneside. The £10 million project will be delivered on behalf of Newcastle & North Tyneside LIFT Company (NNT LIFT Co.) — a joint-venture company that includes private and public sector shareholders, Scottish-based Robertson Capital Projects is the majority investor. This project will see the development of three new buildings in Dudley and Shiremoor on North Tyneside and Gosforth in Newcastle. NNT LIFT Co. is jointly owned by Robertson Capital Projects, Newcastle and North Tyneside Councils and Newcastle and North Tyneside Primary Care Trusts. The first phase of this 20-year partnership has already delivered four valuable resource centres in Brunton Park, Kenton and Walker in Newcastle and a further facility in Shiremoor.

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