News
Johnson Tucker acquires City Centre Residential Development site for Tyneside Group
We are very pleased to confirm that following a lengthy planning process, we have completed the purchase of 152-156 New Bridge Street, Newcastle on behalf of retained developer client Tyneside Group, one of the fastest growing businesses in the North East
The plans for Tyneside Group’s £6.3m redevelopment project were granted permission by Newcastle City Council at their planning committee meeting on Friday 26th July 2019. The project is to convert the existing 10,800 sq. ft office block into 24 new modern and open flats.
Now that planning permission has been agreed, construction on the project could begin as early as January 2020, with tenants expected to begin moving into the 64 bedrooms from September 2021. Located close to the Northumbria University campus, and only 200 metres from Tyneside Group’s office on Ellison Place, the flats have been designed to appeal to a wide variety of residents.
Each individual flat has been designed to maximise space and provide future residents with a light and airy self-contained space that is perfect for modern city living. New Bridge Street is a vibrant and inspiring scene, with plenty of independent businesses, as well as the Northumbria University campus. The scheme has been designed to reflect its surroundings and fit seamlessly into the overall cityscape. The scheme will create a mix of one, two, three and four-bedroomed flats, ensuring it caters to a range of needs.
As with previous projects, Tyneside Group will use the skills and talents of local businesses across the North East to complete their goal. All work on the project, which is expected to total around 75,000 person hours, will be completed by local businesses where possible. This will include a professional team of designers; architects Mawson Kerr, engineers from James Christopher Consulting and J H Partners and Quantity Surveyors, Thornton Firkin. Dave at Way Forward North East will once again provide Health and Safety consultation on the project.
This development project has been advertised heavily in the local media, you can read about it via the following links:
www.chroniclelive.co.uk/news/north-east-news/63m-housing-revamp-approved-historic-16652591
www.insidermedia.com/insider/northeast/planning-milestone-for-6.3m-residential-redevelopment
If you would like more information on this acquisition or any other transaction listed on our website please contact Daniel Capobasso on 0191 269 7897 or email danielc@johnsontucker.co.uk.
