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Newcastle’s tallest building set to break onto the global stage

With a youthful population, thriving economy and dynamic business scene, Newcastle is fast becoming one of the UK’s top locations for those seeking economic success. With a fast-moving housing market, it’s also a welcoming environment for those seeking financial success through buy-to-let investment. Now, the launch of a new development has ensured that those individuals have a more luxurious choice of investment than has previously been seen in the city.

Hadrian’s Tower will provide 162 apartments, spread across 27 storeys. The development is on track to become Newcastle’s tallest building and is already attracting investors from around the world. Indeed, such is its significance that it will be presented at this year’s MIPIM in Cannes (the most significant occasion for the property industry each year).
With a £40 million development and construction price tag, no expense has been spared when it comes to Hadrian’s Tower. The building is located in the heart of Newcastle, adjacent to Science Central and the university hospitals, as well as a range of leisure pursuits. Its stunningly contemporary homes and superb communal areas are sure to appeal to young professionals and their families, as well as post-graduate students (of which there is a steady supply thanks to the rising popularity of Newcastle’s universities).
In addition to sleek, elegant apartments, Hadrian’s Tower will provide a Sky Lounge and café for relaxing and socialising, touchdown meeting points for those looking to blend their home and working lives and superior support services, from a 24-hour concierge to cleaning and maintenance services.
In many ways, Hadrian’s Tower will showcase the best of modern development. Every single apartment will be wheelchair accessible. Meanwhile, whole-house ventilation and a sprinkler system protection are provided in every home.
Hadrian’s Tower marks a significant step in Newcastle’s development. Extensive regeneration works at St James’ Boulevard and Science Central Business School Zone have laid the foundations for the future of the city. Now, a new high rise city district is building on that success, including through the world-class apartments at Hadrian’s Tower. Built by Newcastle-based The High Street Group, Hadrian’s Tower will be a flagship Newcastle development for years to come.

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Why The Housing White Paper Is Good News For Property Investors

The “broken housing market” has been cited as the biggest obstacle to economic progress in the UK in a new Housing White Paper from the Department for Communities and Local Government. The current planning system is hindering growth – and change is needed.

To encourage sustainable growth of housing stock, local authorities must be given the resources required to improve the planning process. This year there will be a 20% increase in planning fees, and possibly a further 20% increase for high performing authorities. However, unless these additional funds are used to improve local authority planning services, the delivery of new homes and sustainable development will continue to be hindered by inefficient decision making processes.

The White Paper states that the Government will discuss options available for creating a more standardised approach for the assessment of new housing requirements. Also, Local Plans will be reviewed every five years to ensure that adequate housing is being developed.

The goal is to simplify the process for assessing housing needs across the country by standardising methods across all local authorities. There is also a need to assess housing land supply annually, and improve communication between authorities, developers and infrastructure providers to fully understand both what is needed and what can be achieved with the resources available.

The White Paper also highlights the need to maintain protection of the Green Belt, but to provide opportunities to amend Green Belt boundaries when all there are no options for further development within existing housing locations and brown field sites. The Secretary of State has already adopted this approach for the Birmingham Plan.

Finally, the White Paper proposes that in cases where Green Belt boundaries are modified for the purposes of housing development, there should be compensatory measures to balance this loss by improving access to green spaces and the countryside for the greater enjoyment of the wider public.

These changes will help boost housing stock by increasing the approval of new developments, which is great news for property investors.