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TEESSIDE: HBG takes retail work

Contracts

HBG CONSTRUCTION will start work early next year on a £40 million shopping centre on Teesside.

The news follows the borough council's appointment of an HBG Properties/Swan Hill Properties joint venture as preferred bidder for the Wellington Square development at Stockton-on-Tees.

Work is expected to get under way early next year, with completion expected by mid-2001.

The scheme will provide about 16,000 sq m of retail space for some 47 shops.

About halfof the scheme has been pre-let to national retailers, with others likely to come in later.