Hadrian's Tower Timelapse - September 2019

The latest Timelapse of High Street Residential's Hadrian's Tower on Rutherford Street, Newcastle upon Tyne.

Hadrian's Tower in Newcastle has reached its full height

High Street Residential's flagship project Hadrian's Tower has now reached its full height of 27-storeys. The 27-storey Hadrian's Tower, which is located off St James' Boulevard , will include 161 apartments and feature a Laurent Perrier Champagne Sky Lounge on the top floor.

Gary Forrest, chairman said: "When we first came up with the idea of building Newcastle’s tallest tower on this site, everyone said we were crazy and that it could not be done.

"They said there would be no demand for apartments without car parking; they said the project would never achieve the value we placed on it; someone even said it would be a white elephant.

“But we’ve had the courage of our convictions and, working with Tolent, we have made this happen".

You can read more on the Chronicle by clicking here.

Q3 Newsletter

Q3 Newsletter

We have had a dynamic quarter here at The High Street Group, you can view our video below:

If you are someone who enjoys a good read, you can view our print brochure by clicking here.

Invesco Forward Fund Holloway Head for £98 Million

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Invesco Forward Fund Holloway Head for £98 Million

Global real estate investment manager, Invesco, has completed the legal documents to forward fund a £98 million investment with us to deliver 484 Build to Rent units in the centre of Birmingham.

The project, Holloway Head, is being developed in partnership with our Residential arm, with the construction of the first phase (a 17 storey building) expected to begin later this year.

Located between Blucher Street, Gough Street, and Ellis Street, Holloway Head currently comprises a car park and the Girl Guides headquarters at Trefoil House. The development will benefit from close proximity to Birmingham’s Mailbox, Arena Central, and Concord House, which is home to the city’s most expensive apartment, as well as key transport links close to the planned HS2 terminal at Curzon Street.

This development joins our significant portfolio of ongoing developments in Birmingham; including Kent Street Baths, a £133 million development of 580 apartments in two phases, and Westminster Works – a £50 million, 8 storey development of 220 units.

On Holloway Head and Invesco

John German, Managing Director of Residential Investments at Invesco Real Estate stated: ‘Adding Birmingham to our growing portfolio is a great next step [for Invesco] due to its positive market outlook, growing reputation as a business destination and positive rental growth outlook. […] As with all of our development projects, we’re excited about the opportunity to provide a ‘best in market’ residential product for today’s rental market with units designed and built for purpose with our partner, High Street Residential.’

Our Chairman, Gary Forrest added ‘Birmingham is undergoing significant regeneration and represents a great place to invest. Local demand for professionally managed, purpose built rental accommodation is rising quickly. I am delighted that Invesco Real Estate as agreed to partner with us to develop Holloway Head. Like all our developments, it offers an extremely attractive opportunity for investors to take advantage of a non-volatile, high quality asset offering attractive long term returns.’

Rental demand in Birmingham

With house prices surging due to a chronic lack of housing, demand for rented city centre living among young professionals has been driven up in the last few years. However, there are just 5,579 rental units committed to Birmingham, versus the 74,767 in London and 23,320 in Manchester.

This, combined with the city being the youngest in Europe, and a hub for over 12,000 start-ups has led to the Group and High Street Residential paying particular attention to Birmingham.

To find out more about our developments in Birmingham or across the UK, visit our Developments website.

Hadrian's Tower Timelapse - August 2019

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Hadrian's Tower Timelapse - August 2019

A time lapse of High Street Residential’s Hadrian’s Tower on Rutherford Street, Newcastle upon Tyne.

Cheshire Junction Dusk Exterior Shot

Cheshire Junction sold to Cording Real Estate Group

Cording have agreed funds to purchase Cheshire Junction, located in Warrington for around £40 million. The build-to-rent development is located in John Street, in the heart of the Stadium Quarter regeneration area, the development will provide 362 one and two bedroom apartments.

Construction will commence December 2018 and work is expected to be completed in early 2021.

Charlie Miller, Director of Residential Acquisitions at Cording, said: “The site’s location, opposite the train station and within walking distance to Warrington’s town centre is very attractive for future residents and commuters to Liverpool or Manchester. Our project forms part of a wider regeneration of Warrington’s Central Station and is one of the first large developments to take place in the town for more than 10 years”.

You can read more about this project on Cording's website by clicking here.

Grainger PLC agrees to buy Silbury Boulevard

Grainger have agreed to buy our 261-home build-to-rent development scheme in Milton Keynes for £63m.

Peveril Securities will develop the site, Mayforth will act as development manager and Bowmer and Kirkland will be the contractor.

Helen Gordon, chief executive of Grainger, said: “This new investment will complement Silbury Boulevard, our other PRS build to rent scheme of 139 homes in Milton Keynes, which we own in our GRIP REIT joint venture, and is currently under construction.”

You can find out more at Property week by clicking here.