Why should you Invest in Newcastle Quayside?

Newcastle/Gateshead Quayside at night

One of the most desirable locations in Newcastle, accommodation on the Quayside ranges from small studio flats to apartments for up to seven people and luxury penthouse apartments with that famous view of the Tyne. The Quayside is a popular rental destination for both students and young professionals.

When people first think of Newcastle, they often think of the Quayside; beautiful bridges and stunning architecture ranging from the modern to centuries old historical buildings.

Some of the best bars and restaurants in the city can be found on the Quayside, which is regularly host to music festivals, sporting and other events. Just a short walk from Newcastle Central train station and the very centre of Newcastle, the Quayside is also serviced by the Quaylink bus route and offers easy access to the Ouseburn Valley- a hub of creative industry, with hundreds of companies emplying thousands of people, focussing on a wide range of specialisms from public relations to computer game design. 

Quayside Regeneration & Economy

The Quayside is home to large employers with many companies opening new offices in the area. In one of the biggest real estate transactions in Newcastle in recent years, Barclays bank has moved over one hundred and sixty staff, previously spread over separate offices, to a new 35,000 sq office on Newcastle Quayside. Barclays said in a press release "The decision to invest in new premises in Newcastle reflects the area's growing affluence and its emerging status as an economic hub".

The new business district around the Quayside and Newcastle Central train station is dominated by legal, financial and professional services companies. There are several national legal firms, accountancy companies and other support businesses located within a five minute walk of the site.

There are a number of other major employers in the Quayside area such as The Sage music venue, The Baltic Centre for Contemporary Art and a number of large hotels including the Hilton.

Up to 275 jobs in the creative and technology sector will be supported in the NewcastleGateshead Accelerated Development Zone thanks to a £1.7m investment from the government into Baltimore house on Baltic Business Quarter.

Other major employers in Newcastle City Centre, within close proximity to the Quayside, include the main hospital for Newcastle, the Royal Victoria Infirmary (RVI), which employs over 13,500 people and the headquarters of Newcastle & Gateshead City Councils which each have over 10,000 employees. Both Newcastle University and Northumbria University have over 8,000 employees each.

Nearby Developments

Just a little further along the Quayside, there are over 2000 people working in the 300+ small businesses within the Ouseburn area, making it the main concentration of creative industries in the city and home to pubs, music venues, the Star and Shadow independent cinema and Ouseburn farm and visitor centre, amongst other popular attractions. 76 new low-energy homes are to be built in the Ouseburn in the development of the former Malings pottery factory with further proposals for offices, retail space, lesiure facilities and the potential to bring £50m of investment into the area.

Opening in July 2015, the first phase of the Stephenson Quarter regeneration project, in the area behind Newcastle Central station, is The Rocket which has 35,000 sq ft of Grade A offices, the seven storey Crowne Plaza Hotel and a multi-storey car park with over 350 spaces. Included in the future phases are a further 300,000 sq ft of office space, restaurants, studios, specialist retail space, a micro-brewery and more. There are also plans for considerable improvement of the landscaping and local environment.

Get in touch with our Newcastle Estate Agents sales team on 0191 243 1000 for more information about property investment in Newcastle and Newcastle Quayside.

Walton Robinson
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