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New housing development planned

Monday 14 January 2013 5:00

Banks Property has submitted proposals for a new residential development for 61 houses in North Tyneside.

The company, part of the Banks Group, has put forward the plans for the two, three and four-bedroom family homes on a 4.5-acre site off Great Lime Road in Palmersville, adjacent to the existing Forest Gate development.

A quarter of the development would affordable housing.

A public exhibition of the plans was held in November, with feedback gathered from local people being used in the final proposals which have now been submitted to North Tyneside Council.

Visitors to the exhibition also suggested a number of local community and environmental projects which might be eligible to apply for financial support from the Banks Community Fund.

Durham-based Banks were the land developers for the original Forest Gate scheme.

Michael Shuttleworth, managing director of Banks Property, says: “As a North East-based family business that knows this part of the region very well, we believe that the substantial investment we’re looking to make in this project would help to meet a real need for more family homes in North Tyneside.

“This high quality development would provide new options for people wanting to move into or stay in the area, which would in turn provide benefits for local shops and services, and also create new revenues for use in the area by the local Council.

“We believe the scheme’s location near to the Cobalt Business Park and other areas of concentrated employment would make it very desirable, and hope that its many merits will be recognised by North Tyneside Council when our application is considered by their planning committee.”