Adderstone Group has submitted the proposal for a new £40 million student residential scheme in Newcastle city centre. The scheme was developed in partnership with planning consultancy Lichfields and Ryder Architecture and it will be built on the site of the Technopole office building at Manors Business Park.
“Discussions with the city planners over a number of years have paved the way for some of the buildings at the park to transition over to residential uses. The park is adjacent to Northumbria University Campus and perfectly located for student accommodation as well as businesses connected in some way to the university,” said Ian Baggett, Founder and Chief Executive Officer of Adderstone.
The 535 beds will be located across 160 apartments in two buildings standing eight to 12 storeys high, containing a mix of accommodation such as studios and two, three, four, five and six bedroom apartments. In addition, it will also include a student hub, gym, dining room, games room and cinema.
“With the support of the city planners we feel we have arrived at a robust, quality design that will stand the test of time for what is, after all, a prominent site in the city,” said Mark Clasper, Director at Ryder Architecture.
Lichfields submitted a planning statement that confirms the development has the potential to contribute £10.7 million per annum to the local economy, creating hundreds of jobs during construction and on completion, as well as £500,000 to Newcastle City Council as Community Infrastructure Levy (CIL) to deliver infrastructure to support the development of the wider area.
“The scheme will result in the creation of full time and spin off jobs during construction, as well as supporting full time and part time job opportunities within the student accommodation itself, immediate area and wider city centre,” said a spokesperson from Lichfields.