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New Development Already Fully Booked

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

A new block of student accommodation has been fully let within just two months of being brought to market.

With the help of Walton Robinson, the Student 52 development on North Street East is now fully booked ahead of the new academic year.

Developed by The High Street Group, the scheme marks the firm's first foray into Newcastle's student accommodation market, with the development catering to the city's two universities.

Formally known as Monument House, the site was transformed into 48 studio apartments and was designed specifically for student living.

Richard Ponton, investment director at Walton Robinson, commented: "We were very proud to support The High Street Group of Companies during the acquisition of the building and to continue our involvement through delivering a rapid lettings process and now as managing agents for the apartments."

"Newcastle's portfolio of student accommodation has experienced a positive increase in quality and scale, supported by developments like this."

"The city is a thriving centre of academia and increasingly has accommodation to match the quality of the education students receive in Newcastle."