Durham Riverside Renewal

Milburngate Talks – Economist Liam Halligan discusses UK housing industry

26/06/2019

26/6/19

Respected economist and journalist Liam Halligan previewed his upcoming book, ‘Home Truths’ to a group of business leaders at a special ‘Milburngate Talks’ event.

Held at CoHo at Freemans Reach, opposite Milburngate, the event focused on the UK housing industry and the challenges facing the sector as well as the opportunities to boost home building.

Combining analysis with reportage, ‘Home Truths’ draws on extensive interviews with cabinet ministers, civil servants, planning officials and leading property industry specialists. It will also contain some eye-catching policy proposals for regional and national government to boost housing development in the UK.

Liam, who writes a weekly column in the Sunday Telegraph and publishes his book in the autumn, talked about the role of Small and Medium-Sized house builders and developers have to play in delivering new homes and how government can better support an upturn in the creation of new properties.

He also praised the Milburngate development, highlighting the importance of city centre living in the housing mix, and the positivity that he experiences when he visits the North East.

ENDS

NEWS RELEASE: ISSUED ON BEHALF OF DURHAM RIVERSIDE RENEWAL

For further information contact Jamie Collis 01325 363436

Editor’s Notes:

Durham Riverside Renewal

The development consortium consists of Arlington Real Estate and the Richardson family.

The project includes the regeneration of Freemans Reach and the redevelopment of Milburngate House, which are on adjacent banks of the River Wear in the heart of Durham City.

According to the Sunday Times 2014 ‘Best Places to Live’ listing:

“Durham is a lovely place to live. Beneath its glorious cathedral, you’ll find pretty cobbled streets stuffed with little independent shops and great watering holes, a beautiful river that carves its way through dramatic walls of rock and greenery, and some attractive house stock – along with a thriving buy-to-let market, thanks to all those students. One of the nicest places to live is South Street, which looks directly onto the cathedral and castle, and which inspired Sir Walter Scott. Many of its terraced houses are grade II listed; prices range from £400,000 to more than £1m.”

About Arlington Real Estate

Arlington Real Estate is also delivering another flagship County Durham development, DurhamGate. Located five miles south of Durham City, DurhamGate is on the site of Black & Decker’s former UK headquarters and, at almost 100 acres, it is among the largest regeneration projects in the North East of England

About the Richardson family

The Richardson family is a private, family-owned and operated property business with over half a century of real estate experience in the UK and overseas. Typically working in joint venture, the business has a long history of successful partnerships, having developed over 6 million sq ft of real estate across all sectors. More recently the family has continued to diversify by building an international growth capital portfolio across a range of sectors through a direct and co-investment programme.

About LaSalle Investment Management

LaSalle Investment Management is one of the world’s leading real estate investment managers with approximately US$65 billion of private and public equity and private debt investments under management (as of Q3 2018). LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com

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