Newcastle's Milburn House acquired by Gainford Group in multimillion-pound deal

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Leisure, care and property company Gainford Group has bought prime Newcastle building Milburn House office block in a multimillion-pound acquisition.

The business already owns and operates a number of landmark buildings on Tyneside including The Vermont, The County Hotel, Avieka and Livello, with proposals currently with city planners to regenerate the former Premier Inn hotel on New Bridge Street. Now the company has swooped for Dean Street’s historic Milburn House for an undisclosed sum, which it said makes a strong addition to its growing portfolio and in-keeping with its mission to acquire and restore regional heritage properties.

The group’s director Imran Khaliq said the company was looking forward to investing in the huge building, which is home to a range of businesses including Newcastle BID company NE1 Ltd, Burnetts

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