Forth Yards is a 51-acre regeneration area occupying a commanding position along the Western edge of the city centre, with the River Tyne as its southern boundary and the Redheugh Bridge/St James’ Boulevard as its north-south spine.
A major gateway into the city by road, rail and metro, Forth Yards has the potential to transform the urban landscape of Newcastle and connect west end communities and neighbourhoods with the city centre.
At 20 hectares, Forth Yards is Newcastle’s last major underdeveloped water frontage brownfield site area and boasts an array of industrial archaeological heritage and historic railway infrastructure.
Plans are currently being brought forward to deliver a number of significant residential-led schemes across Forth Yards, with Newcastle City Council working together with the site owners, Homes England and North East Combined Authority to enable the comprehensive development of a well-connected, mixed use and sustainable new place that integrates well into the existing fabric and communities of the city.
Hines, the global real estate investor, developer and manager has agreed to forward fund the development of a 325,000 sq ft, 519-unit residential scheme on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes. Plans propose an all-electric scheme powered by geothermal heat pumps and on-site solar PV making it net-zero enabled from day one. It will comprise two blocks of one- and two-bedroom rental apartments, alongside 10,000 sq ft of amenity space including a gym, coworking facilities, two roof terraces and a cinema room.
Size: 51 acres
Gross development value: £725m (est.)
Ownership: Newcastle City Council, Homes England, Network Rail, ASM Global, Naava, (HRE) Pottery Lane, MB European.
Uses: Residential, Commercial, Recreational, Industrial.
Status: Pre-development stage with significant remediation and infrastructure works required to unlock development.
