Putting new affordable housing at the heart of the economic recovery in Sunderland.
Our friends at Gentoo are driving the city forward and are already making big plans to transform and grow our city…
DRIVING THE CITY FORWARD >>
While we’ve all been living through uncertain times, the team over at Gentoo have continued to work extremely hard to make sure its ambitious plans to put housing at the heart of the economic recovery in Sunderland post-lockdown were submitted.
Alongside major construction schemes that are currently ongoing to transform the city, the Group is working alongside Sunderland City Council to ensure housing and construction form the backbone of economic recovery in the area.
We’re delighted to learn that Gentoo has submitted plans to build 268 new homes for affordable rent and shared ownership over the next two years at a range of developments across the city.
CATALYST FOR ECONOMIC GROWTH >>
The exciting news? Gentoo’s plans for its hefty £45m investment in new housing feature alongside other exciting new developments such as Riverside Sunderland, the new City Hall and the Music Arts and Culture Quarter.
Major partners in the city are looking to drive forward positive change for the people of Sunderland and be the catalysts for economic growth on Wearside.
This is only the beginning of Gentoo’s wider 900 home £117 million investment in affordable housing around the city.
MODERN HOUSING >>
The Group is aiming high with its latest proposals. The aim is to build new homes for rent and shared ownership – delivering new properties that are desirable for local residents and give Wearside tenants a chance to live in their dream home.
From spacious outdoor gardens that are perfect for family get-togethers, to rooms with high ceilings and large open windows that aim to maximise natural light, Gentoo’s new house types are at the cutting edge of stylish modern living on Wearside.
The developments will provide affordable housing in the city and stylish new homes for local residents.
Wearside will also enjoy a financial upturn too. An estimated 693 temporary jobs will be made available in the city through the construction work proposed by Gentoo and its supply chain.
This is alongside a further 279 positions created on site and a further 441 roles supported in the wider local economy.
The local economy will also benefit massively from Gentoo’s planned development too. Inspiring independents across our city could enjoy an estimated £7 million per year of additional spend, with £1.5 million retained in Sunderland city centre alone. This is great news for a city centre that is on the up.