Regional development agency, One NorthEast, has appointed Merseyside-based developer Langtree Group as its preferred partner for 24 of its industrial and commercial site developments.

The £30m deal will see Langtree manage and modernise sites across 1,100 acres of brownfield land. The regeneration of these sites is a key part of One NorthEast’s plans for the area as it wants to create 22,000 new businesses and put 70,000 more people in work by 2016. It plans to do this with an annual investment of £280m.