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Fri September 20 2024

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HG starts Newcastle student block

14 Jul 23 Property development specialist HG Living has exchanged contracts with Q Investment Partners (QIP) of Singapore to forward fund a purpose-built student accommodation (PBSA) scheme in Newcastle.

The planned PBSA on St James’ Boulevard
The planned PBSA on St James’ Boulevard

HG Construction has been appointed as the main contractor on the project.

The development, on St James鈥 Boulevard in Newcastle-upon-Tyne, will house 350 students in a mix of studio and cluster flats. It will also have 聽amenity space including a gym, study rooms and cinema room, as well as an external courtyard.聽

HG Living director Craig McPhail said: 鈥淭his partnership approach will extend across our supply chain with HG Construction as the main contractor, enabling us to offer enhanced management of the construction and development risk and deliver a seamless end-to-end service for our funding partners.鈥

The development is due to complete in summer 2025 and will be operated by the Prestige Student Living Brand of Homes for Students.聽

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