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Chronicle Live
National
Coreena Ford

Malhotra Group seals £23m funding deal to drive schemes including Cullercoats pub plan

Cullercoats Newcastle

Malhotra Group has secured a multimillion-pound funding packed to drive forward plans for a number of schemes including the planned transformation of a former North Tyneside pub.

The Newcastle based care, leisure and property company has sealed a £23.16m package from HSBC UK to help fund a number of regeneration schemes, creating 200 new jobs in the process.

The firm - which owns a string of care homes, hotels, bars and restaurants across the region including the Three Mile in Gosforth and city centre venues Grey Street Hotel and Leila Lily’s - plans to convert the site of the former Sandpiper pub in Cullercoats, North Tyneside.

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