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Opto Start Work on 207-bed Newcastle Scheme

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Work has begun on turning the former Tyne Tees site on City Road into 207 student apartments.

The scheme will also feature a gym, games room, cinema and a two-storey outhouse for events on site.

The development is being delivered by Opto Property Group and is due to open in time for the 2019-20 academic year.

Situated just 15-minute walk away from Newcastle and Northumbria universities the building will be overseen by 24/7 CCTV and an on-site management team.

Commenting on the project, business development and acquisitions director, Jerald Solis from Experience Invest, said: "There is a high demand for purpose-built student rooms in Newcastle, with 64.6% of students unable to access university or private sector student accommodation. This large under supply of rooms led to an impressive 4% annual climb in student rents last year."

"The city's growing international student population is a prime market for high quality, purpose-built rooms."

Buccleuch purchased the former Tyne Tees TV site in 2007 and over the past 10 years has released other plots from the overall 1.7-acre site for development.