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Birmingham Post

Business

Coreena Ford

Malhotra Group to create 200 new jobs after securing £23m funding package

North East leisure and property business the Malhotra Group is hoping to create 200 new jobs after securing a £23m finance package.

The Newcastle based business, which owns the Three Mile in Gosforth and city centre venues Grey Street Hotel, Leila Lily’s and Market Lane, has obtained the funding package from HSBC UK, which will help it move forward a series of regeneration projects.

The developments will include the transformation of the site of the former Sandpiper pub in Cullercoats, North Tyneside.

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