Legal & General commits £100m to Sunderland regeneration, supporting 3,000 new jobs
Legal & General announces that is has committed £100m to back Sunderland City Council’s extensive masterplan for the regeneration of the former Vaux Brewery site. Proposed as a new core business district, Legal & General’s investment, which forms part of the wider ‘Riverside Sunderland’ project, is supporting the creation of up to 3,000 new jobs.
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Sunderland is home to over 5,500 businesses, including 80 internationally owned corporations, employing more than 100,000 people. Despite this, there has been a lack of development of Grade A office space and good quality stock within the city centre has been limited. Sunderland, therefore, is a key target for Legal & General as it looks to support the transformation of a city which has seen significant underinvestment for the past twenty years.
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