Packaged Living has been selected by Homes England, the government’s housing agency, to redevelop a 1.5 acre vacant plot on Newcastle’s Quayside with Robertson, a construction and infrastructure business.
Packaged Living, the build to rent developer and operator, is backed by Palmer Capital who is 80% owned by Fiera Capital, a $149 billion leading investment management firm.
The proposed scheme, which includes significant resident amenity space, commercial space and car parking is the largest build to rent scheme to be brought forward in Newcastle. The last remaining site of the 1990’s Farrell Masterplan, the scheme will consist of a range of studios, 1, 2 and 3 bed apartments purposely designed for the rental market.
Chris Ives, Director of Robertson Property said:
“This is our first project with Packaged Living and we are pleased to have been selected by Homes England for the development of this important site. The development is the final piece of Terry Farrell’s inspired masterplan for the transformation of Newcastle’s Quayside, and we look forward to being a part of this significant regeneration for the North East.”
Ed Ellerington, Managing Director of Packaged Living said;
“We are excited to be working with Robertson to deliver an iconic building at the heart of Newcastle’s quayside. Through this partnership we will provide much needed quality, purpose-built rental homes. The scheme is one of a number of projects Packaged Living is currently delivering across the country”.
Richard Wildsmith, Senior Development Manager for Accelerated Delivery at Homes England added:
“Our role is to speed up the pace at which new properties are created, so more people can access quality homes in the areas they want to live. “We’re pleased to have agreed the sale of this well-located site to Robertson and Packaged Living, and look forward to seeing these new apartments take shape on the Quayside.”
Originally posted by Property Week September 2019.