New student housing planned for Newcastle city centre
Student housing developer Unite has been successful in the race for a prime Newcastle city centre site which could accommodate up to 600 learners.
The 200,000sq ft project will have a total development cost of £31m and expects to deliver a 9.5-10% yield on cost, in line with the developer’s target returns.
Located close to the city’s two universities, the development will expand the Bristol-based company’s presence in Newcastle, where it already has four properties which cater for 1,000 students …