Defence Online

Proposals to build a £35m development of apartments for private rent on Gateshead Quayside have been approved by the local council’s planning committee.High Street Residential intends to build 269 one- and two-bedroom apartments on the site of the former Brett Oils Depot, with two duplexes and ground floor commercial and office space. Public realm enhancement will allow access to the southern bank of the Tyne. Work on the development is expected to start with enabling and demolition early in 2020 with a construction start targeted for the second quarter of the year.High Street Residential’s portfolio of apartments for private rent in the northeast also includes the 27-storey, 83-metre Hadrian’s Tower – Newcastle’s tallest building – which has reached its full height, with most of the 161 apartments sold a year from completion. It is also planning around 194 more units on a plot at Pottery Lane, also close to the river in Newcastle.Nationally, High Street Residential is constructing or preparing to build eight other private rented sector (PRS) developments in Birmingham (four), Manchester, Milton Keynes, Salford and Warrington. In total these projects would deliver around 2,700 apartments with a gross development value of £544m.