Work is set to begin on the second phase of a major student development in Newcastle after contractor Metnor Group received the go-ahead for a £20m funding package.
The Portland Green Student Village is being created on a former brownfield site adjacent to Portland Road, Shieldfield.
Metnor’s building division, Metnor Construction, completed the first phase – Turner Court, which features 274 student bedrooms, a Tesco and a Subway – last August.
Phase two, then, will see the build of an additional 338-bedroom development, along with 4,500 sq ft of retail and commercial space.
The building will be operated by specialist student accommodation managers, South Street Asset Management, under the firm’s DIGS brand.
It is likely to be open in time to accept students for the 2015/16 academic year.
Chief executive of Metnor Group, Keith Atkinson, said: “Regeneration of this area of the city has always been one of our key aims when developing Portland Green Student Village.
“From the outset we have engaged local subcontractors to work on this project and we estimate that we have provided work for more than 150 operatives so far, through a difficult period for the North East economy. This is a strategy we aim to continue.
“Within days of completion, our first phase Turner Court was fully let thanks to its high specification and tailored facilities for students. These new residents are now helping to breathe new life into the area by spending money and time in the local shops, pubs and cafes. With phase two we will strive once again to produce a quality development that will meet the needs of today’s modern student, which in turn will help to bring further positive transformation to the area.”
Metnor Construction has worked on some of the most high-profile buildings within Newcastle, including the Newcastle Falcons stadium at Kingston Park, the Sleeperz Hotel on Westgate Road, and the Generator Studios building on Trafalgar St.
It has also carried out extensive refurbishment work at Slaley Hall.
The latest phase of the Shieldfield development is being funded by Bank Leumi (UK).