Chartered surveyors and construction law specialists Paterson Tighe Morton (PTM) LLP have secured a commission with Newcastle developers to create a £17m student complex.
The firm has won the commission with Newcastle-based Adderstone Group for the Stepney Yard development in Ouseburn, months after completing another £17m project with the group.
The commission for the 250-bed student accommodation will see PTM lead the project and cost management element of the project.
PTM recently provided the same services to Adderstone Group on the Union Square project, a 228-bed complex that started in April 2013 and opened its doors in August.
PTM partner Jamie Paterson said: “It is wonderful to see the working relationship between PTM and Adderstone Group developing so strongly.
“Our aim is to always be excellent value and deliver to such a high standard on projects that no other provider will get a look in on subsequent contracts.
I think we definitely achieved that when I look at the work we did on Union Square, which was a huge factor in us securing this next project.”
James Atkinson, Adderstone Group surveyor said: “Adderstone Group and PTM have enjoyed a very successful working partnership on recent projects.
“Stepney Yard is another exciting development for us both and we’re looking forward once again to working with PTM to deliver some of the highest quality student accommodation available in the city.”
Adderstone Group chairman Ian Baggett detailed the student complex to The Journal a few weeks ago, telling how its creation will aid the current developments turning the Ouseburn area into a destination.
He said: “We’re about to start Stepney Studios in Ouseburn, an area I’ve got a lot of confidence in. We are really creating a bit of a destination in the city.
“It’s going to be very high spec – we just wanted it to be a cut above the competition.
“It’s close to both university campuses and all amenities, and as with Union Square the price includes all bills, so it’s not much different to the amount you pay anywhere else.
“This is really exciting for us because it’s the culmination of around eight years of work.”
Union Square and Stepney Yard follow a rapidly-growing trend among developers who are investing heavily in constructing high-spec new-build accommodation for the expanding student population in Newcastle.
Ian Baggett, chairman of Adderstone Group said: “As students now pay for their tuition they demand and expect high quality accommodation – you don’t just come here for a degree, you want the whole experience.”