Ward Hadaway helps on £265m housing project
21st July 2014
LAW firm Ward Hadaway is playing its part in a £265m redevelopment scheme which aims to transform the West End of Newcastle.
The UK Top 100 law firm, which has offices in Newcastle, Leeds and Manchester, is providing legal advice on the sale of completed dwellings at The Rise, a large-scale housing redevelopment project which will see 1,800 eco-friendly homes being built on a 66-hectare site in the Scotswood area of Newcastle over the next 20 years.
Property experts at Ward Hadaway are also advising the site’s developer, the New Tyne West Development Company, on associated infrastructure agreements for the site, which sweeps down to the River Tyne and which will incorporate areas of public open space, terraced gardens, walkways, green links to existing residential areas, a neighbourhood centre, shops and office space.
New Tyne West Development Company, the developer behind The Rise, is a public-private sector partnership involving Newcastle City Council and BK LLP, a consortium between Barratt Homes and Keepmoat Homes.
Over 50 homes on the 378-property first phase of the development – a mix of apartments, two, three and four-bedroom homes – have already been sold with some reservations being received even before six show homes opened to the public.
Lesley Fairclough, Partner and Head of Development at Ward Hadaway, said: “It is fantastic to be involved in such a large-scale development which will really change the face of the west end of Newcastle.
“The Rise is the largest housing-led regeneration initiative in the North East and it is already proving to be a real draw for home owners keen to move into modern, energy-efficient properties in a redeveloped area of the city.
“Our estate set-up and plot sales team will be using all their experience to ensure that sales of the completed dwellings go through as smoothly as possible and that buyers can enjoy their new homes.”
Homes on The Rise will be a mix of property styles and sizes, designed to a masterplan from architects Ian Darby Partnership.
The development incorporates the latest green technologies with all homes being provided with heating and hot water from a district heating system developed in partnership with E.ON.
All properties will be built to Level 4 of the Government’s Code for Sustainable Homes – higher than the required standard – and are also compliant with the Lifetime Homes and Secured by Design standards.
Newcastle City Council has ring fenced funding to support the development of the new housing scheme. This includes areas such as investment to redevelop and improve the local primary school, the redevelopment of Hodgkin Park and highways improvements to areas of the existing community.
Lesley Fairclough said: “The Rise is a terrific example of how developers can work with local authorities to produce schemes which are truly transformational.
“We look forward to working with New Tyne West Development Company over the coming years and to seeing how The Rise takes shape in providing hundreds of new homes for families on Tyneside.”