Law firm Ward Hadaway is advising on a £265m redevelopment scheme in the West End of Newcastle.
The firm, which has offices in Newcastle, Leeds and Manchester, is providing legal advice on the sale of completed homes at The Rise - the major redevelopment project which aims to build 1,800 eco-friendly homes on a 66-hectare site in the Scotswood area of Newcastle.
More than 50 homes of the 378-property first phase of the development have already been sold.
The 20-year project will see developer, the New Tyne West Development Company, build the properties together with areas of public open space, terraced gardens, walkways, a neighbourhood centre, shops and office space.
Ward Hadaway’s property experts are also advising the New Tyne West Development Company, a public-private sector partnership involving Newcastle City Council and BK LLP, a consortium between Barratt Homes and Keepmoat Homes.
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, led by Catherine Davies, 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.”