Passionate Creators

Over the past 20 years, we have successfully breathed new life into over 40 restoration, regeneration and brownfield projects. Our team is committed to creating, delivering and managing exceptional places that improve and regenerate the areas where they exist.

We have developed or currently hold almost 2 million sq. ft of commercial floorspace and have created homes for over 3,600 people across the UK.

Our speciality is developing commercial and residential solutions that stand the test of time. We do this by working in partnership with the communities local to our developments and valuing the people who work on our projects.

While property development remains our true passion, the Group’s thriving and forward-thinking investment and estate management divisions collaborate with the business’s fundamental activities in property led markets. As a result, we are fortunate to utilise Group synergies, providing solid support infrastructure for core activities and potential joint ventures.

We’re proud of our Northern roots. Established and headquartered in Newcastle upon Tyne, companies operating within the Adderstone Group employ over 300 people.

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About Us
Our Team

Our Team

Positive and determined

We’re a carefully put together team of talented, collaborative and ambitious property specialists and we pride ourselves on the quality and diversity of our managerial, technical, support and site staff.

Meet our Team

Our Story

May 2023

Tyne Bridge House – Insider North East Property Awards 2023

Tyne Bridge House wins ‘Design Excellence’ award at Insider Media North East Property Awards 2023.

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Dec 2022

Toll Bar Retail Park expands with new tenants 

The Gym Group join Toolstation and B&M at Toll Bar Retail Park in Sunderland.

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Jun 2022

Pipewell Quay award season 2022  

Pipewell Quay scoops up commercial and regeneration awards at UK Property Awards, British Council for Offices, and Insider awards.

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May 2022

Adderstone expands Yorkshire portfolio with a new deal with Bartoline Limited 

Adderstone signs deal with Bartoline Limited, Europe’s leading manufacturer of decorating sundries for the retail, trade and DIY sector, marking the expansion of Yorkshire portfolio.

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Feb 2022

Adderstone London move to new HQ  

Adderstone London move offices to new acquisition, 7 Stratton Street. The new HQ was launched with a book signing with Bradley Hope, author of New York Times bestseller ‘Billion Dollar Whale’.

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Jan 2022

Adderstone expands nationwide investment portfolio

Adderstone’s groupwide investment portfolio grows through a combination of redevelopment and direct acquisitions, and ongoing developments.

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Dec 2021

Great Run Company move into brand new development Tyne Bridge House

Situated on Bottle Bank overlooking the River Tyne, the landmark 5,259 sq ft development will deliver premium, Grade A office space.

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Nov 2021

Adderstone transforms former nightclub into new Quayside landmark

The former Baja Beach Club has been transformed into Grade A office space and become the new home of leading North East technology company, Aspire Technology Solutions.

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Nov 2020

Adderstone 1993 Ltd – fastest growing large company in region

Adderstone 1993 Limited is crowned fastest growing large company in the North East in the 2020 Ward Hadaway Fastest 50 Awards.

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Nov 2020
Fleming Building

Adderstone Group ‘amongst most inspiring companies’

Adderstone 1993 Limited is included on the London Stock Exchange’s list of the UK’s most inspiring companies.

Oct 2019
Ian Baggett

Ian Baggett becomes Fellow of Royal Geographical Society

In October 2019 Ian is recognised as a Fellow of the Royal Geographical Society.

Oct 2019
Adderstone Group

Adderstone 1993 Ltd is third fastest growing business in region

Adderstone 1993 Limited comes second in the ‘medium sized business’ category and third overall for the awards.

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Aug 2019

Adderstone Group moves into new HQ at The Fleming

In late summer 2019 Adderstone Group moves its head office operations to Grade II listed The Fleming in Newcastle upon Tyne.

May 2019

NE based counter terrorism firm backed

Adderstone Group invest seven-figure sum into award-winning counter-terrorism company, OpenWorks Engineering.

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Feb 2019
Fleming Building

Four commercial assets acquired

Acquisitions include Grade II listed The Fleming, the former Baja Beach Club, Buzz Bingo / KFC in Byker, Newcastle and Plantain Place in London.

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Jan 2019
Michael Shipley

Profits increase announced and record year forecast

The Group declares consolidated annual profits of £4.52m and turnover of £38.1m in the financial year to 31 March 2018.

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Aug 2018
Gainsborough House

Prestigious Newcastle office block purchased

Adderstone Group purchase Gainsborough House located on Newcastle’s acclaimed Grey Street.

Jul 2018
London Office

Adderstone London office launched

Headed up by Director, Philippa Gray, Adderstone Group open their first office in the capital.

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May 2018
Jesmond Exchange

Residential scheme wins at NE Property Awards

Adderstone Group’s Jesmond Exchange is voted ‘Residential Development of the Year’ at the 2018 Insider North East Property Awards.

Jan 2018
Leeds Cobalt

Consolidated annual profits reach £4.45m

Adderstone Group’s annual results highlight continued growth, with turnover increasing from £34m to £43m.

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Aug 2017
Adderstone Group purchase Rivergreen

Rivergreen Centre purchased

Adderstone Group, complete the purchase of the Rivergreen Centre, Durham, home of Atom Bank.

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May 2017

Restoration project wins prestigious RICS award

Adderstone Group’s Eastlands is ‘highly commended’ at The Royal Institution of Chartered Surveyors (RICS) Awards 2017.

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Jan 2017
Union Square

500 student beds sold in £30m + deal

Two purpose-built student housing properties are sold to Starwood Capital Group for £34m.

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Jan 2017
Annual Profits

Profits jump 38 per cent

Adderstone Group, declare annual profits of £4.33m, on the back of consolidated turnover of £35m to year end March 2016.

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Dec 2016

Blyth Lidl store delivered

Taemar Ltd (now Adderstone Projects), complete second Lidl store for the  supermarket giant in Blyth, Northumberland.

Jun 2016
Awards Win

Exchange Residential triumph at regional student housing ‘Oscars’.

Exchange Residential voted Newcastle Student Letting Agent of the Year 2016.

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May 2016
Lidl Killingworth

Lidl contract win

Adderstone Group’s construction specialist Taemar Ltd (now Adderstone Projects),  build new Lidl store in Blyth.

May 2016

First residential development gets underway in London

Adderstone Group embark on the creation of four luxury apartments at Sultan House, Bermondsey.

Jan 2016
Gosforth Greggs

Annual profits increase by 48 per cent

Adderstone Group declare profits of £3.12m on the back of consolidated turnover of £25m to year end March 2015.

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Oct 2015

Successful property management business sold

In October 2015 the Group complete the sale of Avoca Estate Management to Kingston Property Services for an undisclosed sum.

Sep 2015
Gosforth Joinery

Specialist joinery business sold

Adderstone Group sells Gosforth Joinery, supporting the Group’s plans to consolidate back to core property development business.

Jun 2015
Adderstone Group

Union Square triumphs at housing awards

Adderstone Group’s Union Square student accommodation is voted North East and Newcastle Student Halls of the Year.

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Sep 2016
Student Accommodation

Largest student scheme to date completes

Adderstone Group’s 266 bed Stepney Yard accommodation opens to students from across the globe.

Oct 2014
Thomas Bewick House

£9m ground rent disposal deal completed

In October 2014, Adderstone Group announced their second multi-million-pound disposal deal in two-years.

Oct 2014

Adderstone Group announce strong annual results

Adderstone Group announced strong consolidated trading results of £2.1m profit and £22m turnover for the year April 2013 to April 2014.

Aug 2014
Union Square

228 bed student development opens for business

In September 2014, the doors opened at Union Square, 228-bed student development in Upper Ouseburn, Newcastle upon Tyne.

Jul 2014
Gosforth Joinery

Hastie Burton Stairs rebrands to become Gosforth Joinery

In July 2014, Hastie Burton Stairs broadens its service offering and rebrands to become Gosforth Joinery.

Apr 2014

Housing development in coastal beauty spot

Works begin on £2m residential development in acclaimed beauty spot, Beadnell in Northumberland.

Jan 2014
Ian Baggett

Ian Baggett joins board of Entrepreneurs’ Forum

After being voted ‘NE Entrepreneur of the Year’ in 2007 from peers at the Entrepreneurs’ Forum, in January 2014 Ian Baggett joins the board.

Oct 2013
Ground Rents

£17 million disposal deal one of biggest in region

Adderstone Group is responsible for one of the largest freehold property disposals in the UK.

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Aug 2013
Union Square

Annual profits double

At the end of the financial year 2012-13, Adderstone Group report a doubling of annual profits to £950,000.

Oct 2010
Gosforth Joinery

Purchase of historic staircase company

In April 2010, Adderstone Group purchase the renowned North East staircase business, Hastie Burton Stairs.

Sep 2010

Business Park wins industry recognition

Adderstone Group is awarded special commendation by RICS for the Quay West development, Sunderland’s first business park in decades.

Apr 2010

Conversion of historic shipyard

Adderstone Group completes the 100,000 sq. ft Quay West Business Park in Sunderland on the site of the former Austin & Pickersgill shipyard.

Jan 2010

Conservation project restores former glories

The Group restored five luxury apartments in a Newcastle suburb at the height of the economic downturn.

Sep 2009

Victorian Mansion converted into spectacular home

The Group embark on the stunning conversion of a derelict Victorian mansion, which had fallen into disrepair. The project went on to win an RICS award.

Feb 2009
Bewick House

Dedicated ground rent collection agency is launched

2009 sees the launch of Forte Freehold Management Limited, the Group’s dedicated ground rent collection agency.

Aug 2008
The Exchange

Former Telephone Exchange transformed

Adderstone Group convert a telephone exchange on the edge of an attractive conservation area of Newcastle into a popular office block.

Oct 2007
Adderstone Foundation

Adderstone Foundation is launched

Adderstone Foundation is the company’s way of putting something back into the community through support for causes and charities which resonate with the Group.

Jul 2007
Keel House

Development of Keel House

In 2007, Adderstone Group complete the mixed use development, Keel House overlooking Newcastle’s famous Quayside.

Jun 2007
Ian Baggett

Adderstone CEO becomes ‘Entrepreneur of the Year’

In 2007 Adderstone Group Founder CEO Ian Baggett is voted NE ‘Entrepreneur of the Year’ by his peers at the Entrepreneurs’ Forum.

Apr 2007
Railway Club

Restoration of Gateshead Railway Club

Adderstone Group convert the historic, listed Gateshead Railway Club into apartments and bar.

Oct 2006
Rehearsal Rooms

Conversion of Grade I Listed Rehearsal Rooms

Adderstone Group convert Grade I listed former Rehearsal Rooms at the Tyne Theatre into 12 luxury apartments.

Aug 2006
Tyne Theatre

Historic Tyne Theatre saved from closure

One of Adderstone Group’s most notable development projects to date was the salvage and restoration of Newcastle’s historic Tyne Theatre on Westgate Road.

Jul 2006
Brims Logo

Brims Construction reforms

In 2006, the ‘Brims & Co’ name was reincarnated when Brims Construction Ltd was created by brothers Jason and Richard Wood, Ian Clift and Adderstone Group’s Ian Baggett.

Jun 2006
Bewick House

Historic city building transformed

In 2006, Adderstone Group manage the restoration of Grade II listed Thomas Bewick House, in Newcastle into apartments and leisure.

Mar 2006

Launch of dedicated property management company

Adderstone Group launches a dedicated block management business, Avoca Estate Management.

Jan 2006
Waterloo House

Stunning conversion of Victorian warehouse

Adderstone Group complete the conversion of Victorian warehouse, Waterloo House in Newcastle to a mixed use development.

Jun 2005
Ground Rent Estates

UK Ground Rent Estates is formed

2005 sees the inception of UK Ground Rent Estates, Adderstone Group’s dedicated freehold acquisition company.

Feb 2005
Adderstone Construction

Launch of Adderstone Construction

Adderstone Construction is born out of years of company growth and the need for a construction specialist to facilitate projects.

Jan 2003
Railway Club

Residential investment portfolio generates £5m

Adderstone Group branch out from the student market into general residential accommodation.

Jan 2003
Exchange Residential

Launch of Exchange Residential Limited

In October 2003, Exchange Residential began life as Adderstone Group’s dedicated letting agency.

Jan 2002
Historic Restoration

Significant restoration project underway

In 2002, the Group embarks on restoring Osborne Terrace in Newcastle, converting six Victorian villas into 48 high-quality apartments.

Jan 2001
Mikasa House

First investment in commercial property

Adderstone Group purchase the 9,000 sq. ft office, Mikasa House on Newcastle Business Park, the company’s first commercial acquisition.

Apr 2000
Adderstone Group

Adderstone Group is officially formed

The company focuses on student development opportunities operating from a small office in the suburbs of Newcastle.

Jan 1999
Osborne Terrace

Student accommodation portfolio is established

Between 1994 – 1999 Ian’s student accommodation portfolio grows to over 200 homes in key North East cities.

Jan 1993
Steavenson Terrace

The Adderstone story begins

Ian Baggett carries out first property development in Bowburn, County Durham after receiving a £2,000 inheritance from his gran.


Tyne Bridge House ‘Design Excellence’ at Insider North East Property Awards

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‘Commercial Renovation/Redevelopment’ winner at UK Property Awards

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‘Fit-out/Refurbishment of the Year’ winner at North East Property Awards

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Pipewell Quay highly commended at British Council for Offices Awards

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Tyne Bridge House receives ‘Medium Project’ and ‘Most Social Value’ awards

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Pipewell Quay awarded ‘Most Sustainable’ at Structural Awards 2021

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Jesmond Exchange voted Residential Development of the Year

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Eastlands, wins prestigious RICS Restoration Award 2017

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Turbo Power Systems wins National Energy Innovation Award

Exchange Residential triumph at the regional student housing ‘Oscars’

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Union Square voted NE & Newcastle Student Halls of the Year, at the inaugural NE Student Housing Awards

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Quay West Business Village awarded the RICS ‘Regeneration Award’

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Ian Baggett named ‘Entrepreneur of the Year’ by his peers at The Entrepreneurs’ Forum

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