The property development company 79th Group are pleased to provide all stakeholders with an exciting update on the progress of their Hexham Redevelopment project.
Following the steady progress on our redevelopment of The Old Workhouse in Hexham, the company are delighted to inform you that the Seventy Ninth Luxury Living team are now preparing to commence construction works on the site in May 2022.
ABOUT THE PROJECT
Situated close to the UNESCO World Heritage Site Hadrian's Wall in the county of Northumberland, Hexham has been named amongst the happiest places to live in Britain. Coupled with its excellent transport facilities to Newcastle upon Tyne, there are many factors at play that make Hexham an extremely desirable place to live.
Historically, developers have seen vast potential in The Old Workhouse, but time and again they have been unable to realise said potential.
In late 2020, the project presented itself to the company and was assessed thoroughly by their acquisitions team. Due to the amount of false starts the development had previously seen, the 79th team conducted extensive due diligence and plans for the project to ensure its financial viability; they were happy to find that this opportunity fitted perfectly within their area of expertise.
In May 2021, the company completed their acquisition of the site and put forward our proposal for a sensitive redevelopment of the former union workhouse, which would see it converted into thirty four exclusive residential two and three-bed apartments and townhouses, situated in the centre of the historic market town.
These proposed plans for the once-distressed site have been well-received by the local council and community. Just a year after the initial acquisition, the company is thrilled to be commencing the construction works that will help to make these plans a reality.
A CLOSER LOOK INSIDE THE APARTMENTS
Each of our two and three-bedroom apartments at The Old Workhouse are due to be fitted with modern, high-quality furnishings and fittings.
NEXT STEPS FOR THE PROJECT
Following the successful implementation of stringent pre-construction measures, 79th are now ready to commence construction works on the site in May 2022. The company will, of course, be keeping all of their stakeholders informed of key progress updates on the site's development as and when they occur.
The Team and the local Hexham community are delighted to be progressing onto the next key stage of this project's development, and are excited to see the results of their continued efforts and investment come to fruition.
79th Group Chairman Dave Webster Said:
The 79th Group’s extensive real estate experience, 100% track record in capital and interest repayment and commitment to a strict compliance framework has made the company the preferred partner in the United Kingdom for investors across the globe, and I would like to thank you – and all of our stakeholders – for your continued support.
For further information on the 79th Group’s developments and investment offerings, find out more by enquiring directly today. Click here.
Watch 79th Group’s Latest Corporate Promotional Video