Forth Yards is a 51-acre regeneration area – a major gateway into the Newcastle by road, rail and metro. The site 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.
A new funding package worth £121.8 million has been secured to enable vital remediation, groundworks and infrastructure activity at Forth Yards, fixing complex land issues that have long acted as a barrier to investment at the site.
A strong public sector partnership between Newcastle City Council, Homes England, North East Combined Authority and Network Rail submitted the business case to government for the funding and is now master planning the development of a well-connected, mixed use and sustainable future for Forth Yards, one that integrates well into the existing fabric and communities of the city.
A key element of the scheme is Forth Goods Yard, led by Network Rail alongside their JV development partner, blocwork, to deliver circa 550 built-to-rent units across two development plots alongside a circa 650 space MSCP serving Newcastle Station on the former rail goods yard, which will vertically connect to Newcastle Central Station along a new public highline.
Hines is also making fast progress on a 325,000 sq. ft, 519-unit residential scheme with developer Olympian Homes on the land between Forth Banks and Pottery Lane. Construction is well underway and 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.
Procurement is being led by Homes England to identify a developer partner who can deliver the ambitious vision for Forth Yards. Interested parties are invited to get in touch.
Size: 51 acres
Gross development value: £925m (est.)
Ownership: Newcastle City Council, Homes England, Network Rail, ASM Global, Naava, MB European.
Uses: Residential, Commercial, Recreational, Industrial.
Status: Pre-development stage with significant remediation and infrastructure works required to unlock development.
Opportunity: Homes England is seeking a long-term development partner to deliver the largest parcel of land at Quayside West.
