Adderstone Group

Adderstone Group submit plans for £40m residential scheme

13 April 2018 Written by Nicola Hughes
0358 Manors Technopole View 02 02

Adderstone Group, has submitted plans for a proposed 535 bed student scheme on the site of the Technopole office building at Manors Business Park in Newcastle city centre. The office has remained empty for a number of years.

 

Adderstone Group is driving forward plans to demolish the building and replace it with two student schemes, with extra perks including a student hub, gym, dining room, games room and cinema.

Working with the Newcastle office of planning consultancy Lichfields and Ryder Architecture, the proposals would see 535 bedrooms created in a total of 160 apartments, in two buildings standing eight to 12 storeys high.

The scheme will complement the ambition for the redevelopment of the wider Manors Business Park.

The buildings will have a mix of accommodation including studios and two, three, four, five and six bedroom apartments.

A planning statement submitted by Lichfields consultants alongside the planning application confirmed that the development could contribute £10,700,000 per annum to the local economy, create 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.

Lichfields confirm that the proposals comply with Newcastle city planners’ latest Supplementary Planning Document (SPD) as the building is designed so it can easily be converted to non-student residential use in the future.

It said: “The economic benefits that student residential developments bring to the city are often overlooked which is surprising given their significance.

“A report by the New Economics Foundation (NEF) for the National Union of Students released in 2013 entitled ‘Student Contributions to the UK Economy’ calculated that student spending supported over £80bn of UK economic output, supported over 830,000 UK jobs, and equated to approximately £20,000 per student per annum in the local economy (including rent and average university fees of £5,000). This spending is approximately £2,500 more than the average non-student in the same age bracket 18-30.

“The scheme therefore has the potential to contribute significantly to the local economy.

“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.

“It is widely accepted that, through creating purpose built student accommodation, dwellings which are currently used as houses in multiple occupation can be released back into the property market. As student properties are currently exempt from council tax, providing improved choice in the marketplace with purpose built student accommodation has the potential to release family accommodation back to the market and hence increase council tax payments within the city.

“In addition, the proposals have sought to ensure that they are inclusive to all students through a mix of accessible studio and four bedroom flats, to ensure they are fully accessible for students with disabilities.”

Ian Baggett, Founder / CEO of Adderstone Group commented: “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.”

The proposals and designs have been prepared by Newcastle based Ryder Architecture. Mark Clasper, Director said: “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.”

Share

Back to Latest News
Signup to our Newsletter Signup to our Newsletter
Please Select One Or More Areas Of Interest Please Select One Or More Areas Of Interest