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Birmingham Post

Business

Coreena Ford

Joint venture announced for £500m research centre on former Newcastle hospital site

Newcastle University Newcastle Vitality CAV

Plans to turn a former Newcastle hospital site into a £500m world class research centre have moved forward after the appointment of a developer.

Newcastle University bought the old Newcastle General Hospital site three years ago as part of plans to expand its Campus for Ageing and Vitality (CAV).

Its proposals to create a mixed use scheme, integrating research, living, workspace and health uses, were approved in February, leading to the search for contractors. Now the university has announced a joint venture with Genr8 Kajima Regeneration Ltd for the project, which will create a number of new jobs as well as new homes.

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