2,200 new jobs to be created in flagship Newcastle city centre development

Newcastle city centre is set to go through a serious redevelopment, that will see an impressive 2,200 new jobs being created through the construction and operational phases, a news report reveals.

The £200m project is set to regenerate the historic Stephenson Quarter around Central Station and should have actually started back in 2011, but was postponed due to lack of funding. However, developer Silverlink has managed to obtain the required funds from Aviva and Royal Bank of Scotland with backing from Newcastle Council and the North East Local Enterprise Partnership.

The site set for redevelopment will feature a landmark 251-bed four-star hotel, residential apartments, commercial offices, an art gallery and exhibition space and restaurant facilities.

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