Plans approved for new £40m development in Newcastle

Plans for a £40m, 535-bed student accommodation scheme on the site of the Technopole office building in Newcastle have been approved by the local authorities, a recent news report in the local media has been able to suggest. 

Adderstone Group and iQ Student Accommodation are behind the £40m Manors Business Park scheme, which will comprise two buildings of between eight and 12 storeys located opposite Northumbria University Business School.

Included will be 162 apartments, a communal student hub, a gym, dining spaces, games room and cinema room. A planning statement submitted by Lichfields noted that the project could contribute £10.7m a year to the local economy, creating hundreds of jobs during both construction and on completion.

The committee report confirmed that a Community Infrastructure Levy of £518,000 would also be paid to support the development of infrastructure in the wider area.

Ian Baggett, founder and chief executive of Adderstone Group, said: "It has been great to have worked with iQ again, after our successful partnership on their latest development in Collingwood.

"On completion of this latest project, more than 2,000 people in Newcastle will be living in homes developed by Adderstone Group. It means a great deal to my team and I to have made such a contribution to the ongoing regeneration of our home city."

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