Home to the highest concentration of listed buildings outside of London and Bath, Grainger Town and Retail Core connects Newcastle’s past with its future and serves as a constant reminder of the city’s ongoing transformation.
Bringing award-winning Grey Street, Edwardian Central Arcade and Grade I-listed Grainger Market together with bustling Northumberland Street, department store Fenwick and Eldon Square Shopping Centre, there is nowhere that tells the story of Newcastle better than Grainger Town.
The scheme is covered by a £50m City Centre Transformation Programme (CCTP) of works being led by Newcastle City Council to deliver major improvements to the public realm around Grainger Town, with Grey Street being transformed into the main pedestrian route between the Quayside and the city centre and Northumberland Street, Saville Row and Ridley Place benefitting from significant investment.
Transformation is also taking place at Eldon Square where a £65m investment programme is set to introduce new leisure and hospitality uses to the centre as well as attracting more high-quality retail brands.
Elsewhere in Grainger Town, Grade I-listed Grainger Market is benefiting from £7m government funding to reimagine its offer, while industry-leading department store Fenwick is bringing new retail experiences to visitors following a £40m investment in the flagship store on Northumberland Street and surrounding land at Brunswick Place.
Size: 89 acres
Ownership: Newcastle City Council, Taras Properties Limited, Fenwick Limited
Uses: Retail, Recreational, Commercial, Hospitality
Status: Heritage scheme with significant classical architecture and mixed-use developments.
Opportunity: Capital investment sought from investors who are seeking socially impactful as well as profitable opportunities.
