Work completed on delayed Hexham scheme

A residential scheme hit by financial collapse has been completed.

Developers have finished work on Prospect House, in Hexham.

The 16-unit scheme had stalled after contractor Lok Developments 05 fell into financial difficulty.

However, the project – which includes a three-bedroom townhouse – has now been delivered by turnaround firm Leonard Curtis.

The national operator appointed Newcastle-based Xsite Architecture and Gateshead residential contractor Aston Walker Developments to support the scheme.

It also appointed Hexham and Newcastle-based sales and lettings firm Brunton Residential to oversee marketing of Prospect House, which includes 12 two-bedroom sites and three one-bedroom bases.

Development management consultancy Incrementum provided additional support.

Nick Myers, who worked as joint administrator alongside Alex Cadwallader, said: “We were committed to adding value to the asset by continuing with the works – using local North East property companies as far as possible – and delivering the finished build to a high standard.

“Without our collective intervention, the unfinished development would have remained mothballed for some time.

“While it was a challenge getting the site back up and running, we are delighted with the results.”

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