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 realise its vision for a safer, greener, more appealing city centre, with outdoor spaces that people and their families can enjoy together.
The CCTP is delivering 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, Old Eldon Square being transformed into a hub for major civic and cultural events and Northumberland Street, Saville Row and Ridley place benefitting from significant investment.
Elsewhere in Grainger Town, Grade I-listed Grainger Market is benefiting from renovation works following £7m in funding from the UK Government’s Levelling Up Fund, while industry-leading independent department store Fenwick is bringing new retail experiences to visitors following a £40m investment in the flagship store on Northumberland Street.
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.
