In April 2024, Hines agreed to forward fund the development of a 519-unit residential scheme in Newcastle on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Once complete, Pottery Lane will form the city’s largest multifamily development. Plans propose an all-electric scheme powered by air-source heat pumps and on-site solar PV making it net-zero enabled from day one.
The scheme occupies a prime location on the River Tyne, offering waterfront views and direct access to the city’s river path. A short walk from Newcastle Central Station and 1.6km from the city’s core retail submarket, the site benefits from exceptional national rail links and a variety of local amenities.
The site also sits within Newcastle’s Forth Yards Regeneration Area, a priority zone for new investment at the core of Newcastle’s repositioning as a regional hub for the tech, life science and innovation industries. Pottery Lane is close to The Helix, a new c.£350 million tech and life science quarter being delivered by Newcastle University and L&G, as well as Pilgrim Place, a new 400,000 square-feet office-led mixed use destination at the heart of Newcastle’s city centre.
The 325,000 square-feet Pottery Lane scheme will be delivered in two phases by development partner Olympian Homes. Hines has used its extensive experience in delivering sustainable buildings worldwide to adapt the scheme to deliver a building that meets HEPP’s strict ESG targets. The first 11-storey block, comprising 292 private units, will be completed in Q4 2026, with an additional six-storey, 227-home asset due for delivery in 2027. Alongside a mix of one and two-bed rental apartments, the scheme will provide c.10,000 square-feet of best-in-class amenity space including a gym, co-working facilities, two roof terraces and cinema room.