Gateshead Set to Become UK’s Top Retail and Leisure Destination

By Surrenden Invest | January 15, 2019
BACK TO LATEST NEWS
Share this article

Gateshead Set to Become UK’s Top Retail and Leisure Destination

Gateshead Plans to Cement Its Reputation as One of The UK’s Top Retail and Leisure Destinations.

The UK is home to plenty of impressive shopping centres, with the largest, naturally, being located in London (Westfield London, in Shepherd’s Bush). What is interesting however is that the UK’s second largest shopping centre by size isn’t located in London or even in Birmingham, Manchester or Liverpool. Instead, it’s the intu Metrocentre, located in the northern town of Gateshead, in Tyne and Wear. Covering 190,000m2, the vast shopping complex welcomes some 21 million visitors every year.
Now, Gateshead are planning to add significantly to its retail and leisure offering with the opening of a £250 million arena in the already popular quayside area. Gateshead’s quayside offering, which is linked to that of Newcastle by the spectacular Gateshead Millennium Bridge over the River Tyne, attracts residents and visitors in their droves thanks to the live music and performances at Sage Gateshead, the inspiring exhibitions at the BALTIC Centre for Contemporary Art and the impressive array of quayside restaurants offering outstanding views across the water to Newcastle. The Gateshead Quayside arena will add a new “game-changer” venue into the already existing mix!

“Gateshead punches above its weight when it comes to retail and leisure attractions. The town is home to some excellent venues already and the new arena will cement its position as one of the most dynamic and interesting locations in the North East.”

Jonathan Stephens, MD, Surrenden Invest

The Gateshead Quayside Arena Development

The government has flagged the development plans, which cover a 10-acre site in between the Sage and the BALTIC, as one of the most exciting developments in the country. The new arena and leisure complex will include a 12,500-seat venue, two hotels, a conference centre and an array of bars and restaurants. It will replace the existing Metro Radio Arena, on the Newcastle bank of the River Tyne, as part of a major boost to the Newcastle Gateshead quayside area. Due for completion by 2023, the planned works also include Europe’s largest observation wheel (the ‘Whey Aye’).

“Projects such as the Gateshead Quayside arena and the Whey Aye speak to the future potential of this lively area. These are long-term plans that demonstrate a commitment to Gateshead and Newcastle’s residents, as well as attracting visitors from elsewhere. Such plans are a key component of the region’s future economic success and make it an exciting time for investors looking for combine great entry prices with healthy yields.”

Jonathan Stephens, MD, Surrenden Invest

Hopper House and Hadrian’s Tower Leading Gateshead Booming Property Market

On the Gateshead side of the river, around 10 minutes’ walk from Gateshead Quayside, is Hopper House, a collection of 81 stylish studio apartments that are perfect for those looking to make the most of life in Gateshead.
Over in Newcastle, it is Hadrian’s Tower that is attracting attention at present, with the city’s tallest skyscraper on track to deliver outstanding apartments in Q2 2020. With so much invested in Newcastle Gateshead’s future success, this is an immensely exciting area to be part of right now, for both property investment companies and individual buy to let property UK investors.

To keep tabs on important developments in Gateshead, Newcastle and other UK regional locations, simply follow Surrenden Invest on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.