Watson Burton supports multi-million pound site acquisition

The investment is in a disused tower block in Gosforth, formerly used by the DVLA. The large residential development will see the creation of 54 high end units and there are plans for further units and parking. The firm delivered a range of legal services to Lok Developments to support the corporate investment and property deal. Marc Allison, partner at Watson Burton, said: “We are delighted to have worked [...]

Lambert Smith Hampton acquires Eagle Star House in Newcastle on behalf of Lok Developments in £3m deal

Lambert Smith Hampton advised on the acquisition of the eight-storey, 31,563 sq ft, 1970s-built office building Union Property Services has sold the Regent Centre’s Eagle Star House to Lok Developments, the Newcastle upon Tyne-based developer, in an off market £3m deal. The 1970s, eight storey, building was sold with the benefit of vacant possession with the exception of an existing telecoms lease. Totalling 31,563 sq. ft. the floor areas [...]

£10M Investment To Transform Eagle Star House Into Bespoke Apartments

Kapex Construction have started work on a ten million pound development that is set to turn a landmark Newcastle office building into dozens of new residential apartments – and are hoping to send it higher in the North East sky. The former North East home of the DVLA has been left empty for a number of years but Kapex Construction have finally been given the green lights to convert [...]

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