L&G is celebrating the “topping out” ceremony as Maker and Faber near completion on new office and retail space in the NE city. The prjoect will be home to RSA, who are leasing regional office space for 400 staff from spring 2024 onwards.
L&G are investing about £100m in total, helping to regenerate parts of the city which has long since de-industrialised.
Nigel Wilson, Group Chief Executive Officer at L&G: “These are hugely significant developments that will not only change the face of Sunderland but will deliver a vital boost to the economy in a city that is fast becoming a poster child of urban regeneration.
“This is Inclusive Capitalism at its best. With an injection of long-term capital, towns and cities can be completely transformed, and have a direct positive social impact, creating jobs and supporting real wage increases, whilst creating a virtuous circle by generating income to pay pensioners.”
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