£13m Quayside Regeneration Project To Boost Employment In Newcastle

Newcastle based property developer Stripe Property Group has announced the next step in its expansion plans, with the acquisition and opening of its Quayside base of operations. Housing Industry Leaders look at the regeneration project and investigates how it will boost employment opportunities.

Launched in 2017, Stripe Property Group specialises in housebuilding with a focus on residential and student accommodation across the North East and now has recently expanded down to the Midlands.

With 20 years of experience within the industry across the UK and Europe, the company is headed by Newcastle-born Managing Director, James Forrester.

The £13m scheme that is being developed, Quayside West Studios, is located on Skinnerburn Road and will comprise 118 luxury studio and one-bedroom apartments. As part of their commitment to the regeneration of the area, Stripe Property Group has also acquired and opened its new office adjacent to the site on Forth Banks.

All of these projects add to Newcastle‘s aim of ‘A city of investment and growth.’ As outlined on Newcastle City Council’s website, it is essential to grow the city’s economy but the growth must have a purpose: “We know that if the growth of our economy has a purpose, it is to ensure that the whole city prospers.”

Attracting Young People To The City Is Key For Newcastle’s Regeneration

Managing Director of Stripe Property Group, James Forrester, said: “While we’ve always played a prominent role in the North East new-build sector, we’re extremely proud and excited to further this influence by opening our new site within the heart of what’s arguably the most exciting regeneration project in the city’s history.

“Newcastle is undergoing a great deal of positive change at present and the Quayside West redevelopment is probably the most significant sign of where the city is heading.

Part of this master plan is attracting young people to come and live, work and study within the city, while also bringing a boost to the local economy and providing further employment opportunities.

The Regeneration Project Will Bring 1,000 Job Opportunities

Quayside West Studios is the latest in many regeneration projects that are benefiting the area, with the council-led organisation of the Stephenson Quarter entering its second phase. It has already delivered new hotels, office space, and shopping venues, and brought 1,000 new jobs with it.

In addition to this, the area will benefit from the Quayside West regeneration project, which is due to transform 15-acres of former industrial land and is expected to see its main contractor in as little as 12 weeks before opening an additional sales office to support the sale of its Quayside West Studio units.

Newcastle and those who live, work and visit the city will benefit from regeneration projects like this by the boost in employment opportunities and the local economy.