| the north east


HADRIAN’S TOWER TO CHANGE TYNE SKYLINE N


ewcastle based property specialist, All Saints Living, is to undertake the


development of the city’s tallest building - Hadrian’s Tower. Acknowledged by planners to have an


elegant, landmark architectural style, the 26 storey, 82 metre high structure - in Rutherford Street, off St James’ Boulevard – will change the city skyline. Stonegate Developments submitted


the planning application and Managing Director, Andrew Rennie, said he believed the tower will become a symbol of and beacon for further investment in Newcastle, which has been completely transformed over the last 25 years. When completed, the £40 million


project will deliver 162 private rented sector (PRS) apartments, providing homes for up to 456 people. These are anticipated to be young professionals, post graduate students and workers in the adjacent Science Central and university hospitals. Off plan sales of 96 single and 66 twin


bedroomed apartments will begin within the next few weeks and are seen to be an attractive investment opportunity, with yields of up to 7%. To be constructed on a site currently


occupied by a semi-derelict warehouse, the masonry and glazing façade at the lower levels will blend with the existing streetscape and reflect the grade II listed print works building opposite. At the upper levels, a more vertical


style, with steps and cantilevers, will make a real architectural statement. Public viewing from the rooftop – offering panoramic views of the city and even as far as the coast – will be available 18 times each year. All Saints Living is a division of the


Changing Newcastle’s skyline - Hadrian’s Tower, superimposed on the existing city skyline.


Newcastle headquartered High Street Group – a multi-disciplinary operation established 10 years ago and involved in property investment, development finance and financial claims. Director, Keith McDougall, said: “We are


delighted to be playing such a vital role in This landmark development which is expected to create up to 400 direct and supply chain jobs, through a structured training and employment management plan. “Around a sixth of the UK’s population


lives in privately rented accommodation and this is forecast to grow. The private rented sector in the UK has, until now, been predominantly individual properties, marketed through estate agents. However, institutional PRS in developments such as this one is now


becoming more evident.” Other commercial projects being


undertaken by All Saints Living include £80 million, 423 apartment schemes in Warrington and Milton Keynes, a new 90 bedroomed hotel in Durham City and the creation of a 32 bedroomed Hotel 52 and Loca restaurant in Whitley Bay.


How the apartments will look. The company is part of the High Street


Group. With its headquarters in St. Cuthbert House, Newcastle, the group was established by successful entrepreneur Gary Forrest in 2004. It has grown to become a leading financial and property operation, employing over 50 people in activities including development, developer finance and financial claims. For more information on the


Rutherford Street apartments and other projects, visit www.thehighstreetgroup.com or www.allsaintsliving.co.uk


The masonry and glazing façade at the lower level will blend with the existing streetscape


48 COMMERCIAL PROPERTY MONTHLY 2017


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