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.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.