Forth Yards
A major gateway to the city
Forth Yards is a prominent, brownfield development site located along the western edge of Newcastle’s city centre, adjacent the River Tyne, Central Station and St James’ Boulevard. At 52 acres, Forth Yards is Newcastle’s last major underdeveloped water frontage brownfield site area and presents significant development potential and regeneration opportunities.
Significant residential-led schemes are being brought forward, with Newcastle City Council working alongside site owners, Homes England, Network Rail, 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.
Plans for the site also include a Newcastle “Highline”, which would create a pedestrian and cycleway on a stretch of railway viaduct, connecting it into the city centre and Central Station.
Hines, the global real estate investor, developer and manager has committed to forward funding 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. Hines has used its extensive experience in delivering sustainable buildings worldwide to adapt the scheme to deliver a building that meets HEPP’s strict ESG targets.
It will feature 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: 104 acres with 52 acres of developable land
Gross development value: £900m (est.)
Ownership: Newcastle City Council, Homes England, Network Rail, Legends Global, Naava, MB European, Salamisso Developments, Safestore Holdings
Uses: Residential, Commercial, Recreational, Industrial.
Status: Supplementary Plan and Strategic Environmental Assessment are currently being prepared to provide guidance to landowners and developers and to ensure an holistic approach to the delivery of the vision for the area.
Opportunity: Development partner, investment and joint venture public/private partner opportunities are being explored.
