NEWCASTLE, NORTH EAST ENGLAND

Transcription

1 NEWCASTLE, NORTH EAST ENGLAND

2 PRESENTING HADRIAN S TOWER Hadrian s Tower is set to become the most sought after residential address in Newcastle. The prestigious development provides 26 storeys of prime, luxurious living in the heart of Newcastle. Hadrian s Tower is bringing an iconic new landmark to the city, courtesy of local financial and property experts, The High Street Group. The world-class accommodation will encompass 162 one and two-bedroom apartments, a café, launderette, touchdown meeting spaces and exclusive Sky Lounge. The service offering is just as premium as the accommodation, with an on-site concierge, cleaning services, maintenance, resident support, Wi-Fi and high-speed broadband. Hadrian s Tower offers a capital-city lifestyle in an outstanding Newcastle location, making it one of the most exciting UK investment prospects for In keeping with the development s exclusive offering, the investment details offer an exceptional opportunity, with 5% interest on all exchange money throughout the 18-month build phase. Hadrian s Tower provides an assured 7% NET yield for five years, with completion scheduled for Q4 2019/Q This unique offering means that investors can benefit from a superb financial structure, as well as an outstanding development.

3 HADRIAN S TOWER HAS BEEN DESIGNED WITH RESIDENTS EVERY CONVENIENCE IN MIND. The ultimate accommodation for urban tenants, the development offers luxurious homes backed up by comprehensive facilities. Such an offering would be at home in any capital city around the world, with developers The High Street Group seeking to make their mark on their home town. Superb apartments are complemented by outstanding shared facilities and social spaces at Hadrian s Tower. The Sky Lounge offers an exclusive, laid back venue for rest, relaxation and entertaining, with the backdrop of the city skyline providing a stunning view. Meanwhile, the touchdown meeting spaces embrace the modern style of living and working and the café provides a warm, welcoming space that s perfect for catching up with friends or colleagues.

4 ON LOCATION Hadrian s Tower enjoys a premium city centre location, meaning that residents have access to the business and leisure facilities of this thriving city. Chinatown, St James Park and the O2 Academy are just a short walk away, while The Gate, Intu Eldon Square and the Theatre Royal are all easily reachable. Central Station is just 5 minutes walk from Hadrian s Tower, ensuring that residents can benefit from superb connectivity via a primary rail connection. Views from the Sky Lounge and upper floors also encompass a number of famous local landmarks including Grey s Monument, Tyne Bridge and Millennium Bridge. With such a superb location and quality build, Hadrian s Tower is raising the game for residential accommodation in Newcastle.

5 PROPERTY HIGHLIGHTS World-class apartments, facilities and service Superb city centre location, perfect for business and leisure purposes Stunning Sky Lounge offering city skyline views Twin-aspect views in most apartments Café and touchdown meeting points provide a versatile environment Whole-house ventilation and sprinkler system protection in all apartments Superior support for residents including concierge, maintenance and cleaning services All apartments are wheelchair accessible

6 NEWCASTLE INVESTMENT CASE Newcastle upon Tyne enjoys one of the fastest economic growth rates of any city in the UK. In the five years to 2015, Newcastle s total GVA grew by 18.5% - the third fastest rate in the UK. GVA per head grew by 15.6% the second fastest rate in the UK. GROSS VALUE ADDED (GVA) IS A MEASURE OF THE VALUE OF GOODS AND SERVICES PRODUCED IN AN AREA, INDUSTRY OR SECTOR. FAST FACTS 18.22billion GVA % Employment rate (2015) 44, GVA per worker (2015) Newcastle and Gateshead together make up the North East s key employment area. They are the main driver of city-region growth. 25million The Future Homes Fund is bringing 25m worth of investment to the Newcastle and Gateshead housing markets between 2015 and % Newcastle enjoys a business start-up rate of per 10,000 population. 131,600 Newcastle s level of employment stood at 131,600 as at February 2017 the highest rate since current records began in Newcastle sits on the bank of the River Tyne, in Tyne & Wear. - The city is the most populous in the North East and forms part of the 8th most populous urban area in the UK. - Newcastle is committed to the environment and is on track to be a carbon neutral city by The city is the commercial and educational focus of North East England. - Along with Gateshead, which sits opposite it across the River Tyne, Newcastle is the cultural capital of the North East. - The North East Local Enterprise Partnership is bidding to be one of the national testbeds for 5G technology - Newcastle s population grew at a rate of 12% in the four years to 2016, to reach 298, Newcastle and Gateshead attracts around 2 million visitors per year, with 9 out of 10 hotel rooms full every weekend - The Tyne and Wear Metro is the second largest rapid transport system in the UK

7 NEWCASTLE INVESTMENT CASE A city willing to intervene to support the economy, with an ambitious investment plan, and active measures to support jobs and skills. A city large enough to sustain the facilities and services required by a modern economy and society; and yet small enough to be accessible and welcoming. Councillor Nick Forbes, Leader of Newcastle City Council No.1 Newcastle University is the top location for computer sciences in the country, supporting the next generation of tech entrepreneurs to flourish in the city. 512,000Sqm Newcastle City Council s Office Needs Study found that at least 512,000 square metres of office space would be needed by million 2 million is being invested in improving wireless access in Newcastle, along with providing free WiFi networks in public and community buildings. Newcastle is one of the only six Centres for Offshore Renewable Engineering in England 114% Student numbers at the former have risen by over 70% since 2000 and by more than 114% at the latter. 14,000 In Newcastle, some 14,000 jobs are expected to be created by million The city has an Accelerated Development Zone, with three key strategic sites attracting 92 million worth of investment. 1.25billion Newcastle and Gateshead s tech sector is worth 1.25bn and have a projected growth rate of 28% over the three years to mid UK city centres have experienced an increase in demand for housing since the millennium. 205million The North East region is benefitting from around 205m of European Regional Development Funds between 2014 and Along with Gateshead, which sits opposite it across the River Tyne, Newcastle is the cultural capital of the North East.

8 NEWCASTLE SALES & RENTAL MARKET SALES MARKET Estimates suggest that Newcastle and Gateshead will need more than 30,000 additional homes in order to house their growing population of 500,000 people by ,258 <30,000 Newcastle had an average current property value of 206,258, according to Zoopla s December 2017 figures Estimates suggest that Newcastle and Gateshead will need more than 30,000 additional homes in order to house their growing population of 500,000 people by RENTAL MARKET 6.92% 959pcm Rental yields in Newcastle range from 4.89% to 6.92% depending on the properties size and location. +25% Chartered Surveyors has predicted that rents will increase by just over 25% in the coming years Newcastle has a current average asking rent of 959pcm, according to December 2017 data from Zoopla Top 10 A 2017 study flagged Newcastle as one of the top ten UK locations for rental yields. -1.0% Newcastle, like many UK cities, has lower house prices currently than in 2007 prices were 1% below 2017 values at the time of writing % Property values in the city have risen by 24.78% over the past five years. CURRENT ASKING RENTS IN NEWCASTLE Price per calendar month House Apartment Bedroom 2 Bedroom 3 Bedroom 4 bedroom 5 bedroom

9 LUXURY READY-TO-RENT FURNITURE PACKS AVAILABLE

10 WORLD-CLASS, CAPITAL QUALITY RESIDENCES LAND IN NEWCASTLE Hadrian s Tower is leading the way in bringing a new style of urban living to Newcastle. Newcastle-based developer, The High Street Group, is looking to Hadrian s Tower to be its flagship local project, showcasing the very best in contemporary residential accommodation. The innovative development will provide 165 apartments (54 one-bedroom homes twobeds and 3 three-beds) in an iconic, 26-storey tower that will add an impressive new element to the dramatic Newcastle skyline.

11 WORLD-CLASS, CAPITAL QUALITY RESIDENCES LAND IN NEWCASTLE Hadrian s Tower is leading the way in bringing a new style of urban living to Newcastle. Newcastle-based developer, The High Street Group, is looking to Hadrian s Tower to be its flagship local project, showcasing the very best in contemporary residential accommodation. The innovative development will provide 165 apartments (54 one-bedroom homes twobeds and 3 three-beds) in an iconic, 26-storey tower that will add an impressive new element to the dramatic Newcastle skyline.

12 A NEW VISION FOR NEWCASTLE The focus on quality during the conception and design of Hadrian s Tower has never faltered. The development will offer world-class living of a standard not previously seen in the North East of England. Individual homes will be spacious, bright and airy, with twin-aspect views for almost all apartments. At the same time, equality is built into the design, with dual lifts and every single apartment being wheelchair accessible. Kitchens, bathrooms and bedrooms are all of a superior standard. Contemporary considerations have been incorporated throughout Hadrian s Tower. All of the twobedroom apartments, for example, include two double bedrooms in order to permit effective subletting. Meanwhile, the superior service offering has been designed to appeal to modern renters looking to get the very best from their accommodation.

13 Royal Victoria Hospital Newcastle International Airport CONNECTIVITY DESTINATION DISTANCE TIME Tyne Theatre & Opera House 100 Metres 1 Minute Newcastle University Sports Centre Leazes Park Newcastle University Medical School Newcastle University Great North Museum Newcastle University Library Northumbria University Newcastle Central Station 0.3 Miles 5 Minutes Centre For Life 0.3 Miles 5 Minutes China Town 0.2 Miles 5 Minutes Discovery Museum 0.2 Miles 5 Minutes The Gate 0.3 Miles 5 Minutes St James Park Football Ground Chinatown Grainger Market Eldon Square Shopping Centre Laing Art Gallery Church of England Primary School St James Park Football Ground 0.4 Miles 6 Minutes Leazes Park 0.4 Miles 6 Minutes The Gate Theatre Royal Eldon Square Shopping Centre 0.5 Miles 8 Minutes Grainger Market 0.5 Miles 8 Minutes Royal Victoria Hospital 0.8 Miles 15 Minutes Quayside 0.7 Miles 15 Minutes Newcastle University 0.8 Miles 15 Minutes Metro Radio Arena 0.7 Miles 15 Minutes Northumbria University 0.9 Miles 17 Minutes The Sage 1.0 Miles 20 Minutes The Baltic 1.1 Miles 22 Minutes Newcastle International Airport 20 Minute Drive Discovery Museum Tyne Theatre & Opera House Centre for Life Metro Radio Arena 02 Academy Newcastle NEWCASTLE Newcastle Central Station Newcastle Castle River Tyne Newcastle City Marina Tyne Bridge The Sage Manors Mossley Street Nightlife/Bars/Restaurants Quayside Gateshead Millenium Bridge 1 MILE RADIUS BALTIC Centre for Contemporary Art

14 PREMIUM LOCATION The market-leading nature of the Hadrian s Tower development demands a superb location and that is precisely what it has. The highly accessible site is located close to Newcastle s Regeneration Zone. Regeneration work in Newcastle is adding to the city s already-impressive residential, commercial and cultural offering. Two of the key regeneration projects are St James Boulevard and the Science Central Business School Zone. St James Boulevard has seen extensive regeneration work, which began in the 1990s as part of an initiative to bolster the city centre offering. Completed in 2010, the regeneration work encompassed commercial premises, leisure facilities, residential accommodation, a hotel and a 12-storey car park. The project expanded the city centre at the same time to adding to its amenities.

15 BUILDING FOR TODAY & TOMORROW The Science Central regeneration project focused on the large-scale regeneration of a former industrial site, adding a hotel, student accommodation, academic facilities and retail and leisure areas to the city centre. Regeneration work is now focused on a new high rise city district, which will complement the facilities already added in this thriving city. Hadrian s Tower is located in this new district, providing investors with the chance to be part of Newcastle s most up and coming area. Investors in Newcastle are coming from far afield. In 2016, an EY report showed an increase in foreign direct investment (FDI) in North East England of 83% from 2014 to 2015, with some 44 FDI-funded projects contributing to the area s bright future.

16 A HOTBED OF CULTURE AND HERITAGE Hadrian s Tower is perfectly positioned to allow residents to engage with all that this bustling city has to offer. The sizeable Intu Eldon Square shopping mall is within easy reach of the development, as is The Gate entertainment complex. The two destinations provide an extensive array of retail options and leisure pursuits, from bars and restaurants to Aspers casino. The nearby Theatre Royal, O2 Academy and The Sage Arts Centre provide excellent choice for lovers of the performing arts. Newcastle also offers a host of museums and galleries for those looking to enjoy their fill of culture in the city, including the outstanding Baltic Centre for Contemporary Art. Newcastle is also home to an impressive array of historic buildings, with the 12th century Newcastle Castle standing out as one of the most stirring. All of this is backed by a vast range of eateries, from tiny independent cafés to rooftop restaurants and Michelin starred venues. This extensive offering has played a large role in the expansion of Newcastle city centre s population in recent years, as residents seek to be at the heart of the action, which is precisely where living at Hadrian s Tower will allow them to be.

17 FUTURE-PROOF RESIDENCES Hadrian s Tower has been designed as a future-proofed residential offering in a commanding city centre location. The building s shared and communal spaces speak to the evolving demands of renters, who are increasingly keen to access on-site amenities that blend lifestyle elements into their accommodation. The services provided at Hadrian s Tower will also serve residents for years to come, from the 24/7 concierge to the residents support and cleaning and maintenance services. The building itself has also been future-proofed, having been built to meet the new Design Space Standards. These standards ensure that all residents have ample space to enjoy in their accommodation, with internal spatial requirements dictated by the number of bed-spaces in each apartment. Whole-house ventilation and sprinkler system protection have also been included at Hadrian s Tower, to ensure that the building benefits from the latest design technology. Wi-Fi and high speed broadband are also available throughout.

18 LOCAL VISIONARIES The Newcastle born and bred team at The High Street Group are the visionaries behind Hadrian s Tower. With the chance to raise a flagship development in their home city, the team have ensured that the apartments at Hadrian s Tower are second to none. This is worldclass living backed by superb amenities. The High Street Group is a leading financial and property group that has built a reputation as one of the most recognised and trusted brands in the North East. Spanning development, construction, hospitality and leisure, the group operates across multiple sectors in order to deliver superior quality projects. With over a decade of experience to call upon, The High Street Group has enjoyed rapid expansion. Its Newcastle headquarters is now home to more than 100 staff, with the group s companies providing services across the UK. The High Street Group currently has developments under management in excess of 300,000,000. Hadrian s Tower is one of its most exciting opportunities, as the group seeks to place its stamp on its home city of Newcastle. DIRECTORS & ADVISORS Company Name: High Street GRP Limited Company Number: Registered Address: 2nd Floor Cuthbert House All Saints Business Centre Newcastle upon Tyne Tyne and Wear NE1 2ET Director: Gary Forrest Security Trustee: Castle Trust Group 932 Europort, Gibraltar Auditors: Stokoe Rodger Chartered Accountants 15 Bankside, The Watermark Gateshead Tyne & Wear NE11 9SY Lawyers: Mincoffs Solicitors LLP 5 Osborne Terrace Newcastle upon Tyne NE2 1SQ

19 WORLD-CLASS, CAPITAL QUALITY RESIDENCES LAND IN NEWCASTLE

20 We make no representation or warranty of any kind with regard to the information contained in this brochure and none of the information shall be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before making the decision to invest. Any opinions expressed in this document are not statement of facts.