Hotel Plan for Quay Site Next to the Baltic ; Exclusive Commercial Property

Summary


IRISH developer McAleer & Rushe has bought a key hotel development site on the quayside in Gateshead for pounds 5m from West Yorkshire developer Opus Land.

The site to the east of the Baltic Centre for Contemporary Art, which was home to a warehouse for industrial equipment manufacturer Ingersoll Rand, has outline planning permission for a 200 bed hotel.

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Extract


Hotel Plan for Quay Site Next to the Baltic ; Exclusive Commercial Property

However it is understood McAleer & Rushe is now considering all options for the land, which may or may not include a h...

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