Contact the Capital Investment team for more details about this opportunity

Opportunity Gateshead Quays

Opportunity to invest in a world class waterfront conference and events development on the River Tyne, in a region with a global reputation for its cultural and leisure offer.

Ask Real Estate and leading investment and development manager PATRIZIA UK are working with Gateshead Council to seek a 220 million GBP investment for Gateshead Quays. This could take the form of project funding, forward funding, equity and co-investment among others and Gateshead Council is providing a lease guarantee for the investment income. The UK events industry is thriving and currently worth 39.1 billion GBP.

Contact the Capital Investment team for more details about this opportunity.

Artist's impression of aerial view of Gateshead Quays development
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Location

Gateshead Quayside

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Project promoter

Ask Real Estate PATRIZIA

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Scale

£250+ million GDV

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Sector

Retail, Commercial, Leisure, Hotel

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Investment type

Development funding

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Planning status

Planning policy in place with detailed planning expected in early 2020

Map showing Gateshead's position in England and its transport links

Project background

The site for the new waterfront complex at Gateshead Quays is being hailed as one, if not the most, truly exciting conference and events settings in the UK. Located directly opposite the Gateshead Millennium Bridge and at the heart of Newcastle Gateshead Quayside, the scheme will stand shoulder to shoulder with the iconic Sage Gateshead and BALTIC Centre for Contemporary Art while being minutes from Newcastle City Centre.

The site is well supported by transport links with regional, national and international connectivity through Newcastle Central Station and Newcastle International Airport. The scheme includes a 12,500-capacity arena, conference and exhibition centre, operated by renowned venue management group SMG Europe, two hotels and leisure/retail space.

It’s expected to add over 1,000 jobs and 29 million GBP Gross Valued Added (GVA) per annum to the regional economy and is unique in the fact that it benefits from the ability to connect directly to a low carbon district energy network on site.

About the project

This development is the missing piece to complement the suite of visionary waterfront developments already in place.

The conference facility will attract international audiences to the UK, aligned to the investment and research strengths of North East England, and UK government’s industrial strategy, linked to an exciting 12,500 people capacity arena and the world class Sage centre for music.

Key points:

  • Newcastle Gateshead Quayside already attracts over 1 million visitors per annum .
  • Gateshead Council is providing a lease guarantee for the project income.
  • 4 hectares (10 acres) fully assembled site in single land ownership.
  • 3,800 square metres (41,000 square feet) of prime retail space.
  • Maximum of 22,000 people visiting the development simultaneously.
  • Attract an extra 296,000 visitors to the region.
  • 290 bed dual brand hotel (HQ hotel 4 star and budget).
  • Performance area.
  • Public realm.
  • Public transport improvements and highways infrastructure.
  • 1000 space off site multi storey car park.

SMG Europe operated:

  • 6,300 square metere (68,000 square feet) exhibition space (5,700 banquet style).
  • 2,800 square metres meeting space (13 rooms, maximum capacity of 4000 people).
  • 12,500 capacity arena.

Environmental sustainability:

  • Certification to ISO 14001 (Environmental Management System).
  • Certification to ISO 20121 (Sustainable Events).

Promoters and partnerships

The project promoters for this site are Ask Real Estate and PATRIZIA UK who have formed a joint venture. Together they bring a well-established and experienced design and build team with a proven track record of delivering similar size schemes.

This project is also supported by the North East Local Enterprise Partnership with Gateshead Council providing a lease guarantee for the investment income and is also responsible for planning. Gateshead Quays is located within The Northern Powerhouse area.

To invest in the UK, get in touch with our team.