Investment manager Legal & General is pumping £100m into three office buildings in Sunderland.
The funding will deliver three new commercial buildings including a new city hall, on the former Vaux Brewery site in the city.
Sunderland City Council chief executive Patrick Melia, said the investment represented a ‘serious vote of confidence’ in Sunderland.
He said: “Make no mistake, today’s announcement is the single most significant investment story to come out of Sunderland for decades.”
A mixed use masterplan for the wider Vaux Brewery site was given planning permission in 2016.
