Coventry University Suggests More PBSA is Needed
24th Feb 2020
Adderstone Group has reportedly dropped plans to build hundreds of student beds in Newcastle.
City councillors have now given the company permission to renovate Eastgate House after the firm decided not to demolish the site and build student accommodation in its place.
The developer plans to start work on refurbishing the building straight away and will add two more storeys to transform the space.
Commenting on the decision not to build student housing, councillor Felicity Mendelson, vice chair of Newcastle City Council's planning committee, said she was relieved.
She said: "Having mixed use is quite important to that area. Previously it looked like it was going to be all student accommodation, so this is a welcome addition in that respect."
Meanwhile, Adderstone Group CEO Ian Baggett said: "We are excited by the prospect of delivering a landmark 44,000 sq. ft office development. Eastgate House has generous parking and spectacular views across the city's famous skyline, down towards the Quayside."
"We are aware there is pent up demand from local occupiers within the region seeking quality Grade A space in the city centre but also a number of large national and international businesses looking to relocate to quality Grade A space in the city centre."
"We hope to start work immediately, employing hundreds of local lads to bring this well-located building back to full use."
24th Feb 2020
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