Homes England has acquired the Quayside West site in Forth Yards, Newcastle, for an undisclosed price.
Forth Yards is located next to Newcastle central station and has the potential to deliver 2,500 new homes. The Quayside West site has the capacity to accommodate 1,100 new homes.
Peter Denton, chief executive of Homes England, said: “It’s hard to overstate the importance of this acquisition. Not only will the site deliver around 1,100 quality, sustainable new homes, but bringing Quayside West into public sector ownership will act as a catalyst for the wider regeneration of Forth Yards, a key regeneration area for the city that has been stalled for more than 20 years. It’s a complex, challenging brownfield site that could have a transformational impact in the city, but it needs up-front public sector intervention to unlock its full potential – and this acquisition is one of the first examples of that.
“Newcastle City Council and North of Tyne Combined Authority have a clear vision for Forth Yards, and we’re working with them and Network Rail to take a holistic approach and ensure that it delivers for the people of Newcastle. This will include, if necessary, using our statutory powers to make this happen.”
Nick Kemp, leader of Newcastle City Council, added: “Quayside West, as part of the Forth Yards site, is an exciting development with huge potential. As a former industrial site, it has been largely hidden away visible only by train as you come into the city. However, all of that is going to change.
“Now that Homes England have acquired the site, we can get on with our partners and create a neighbourhood that is truly world class – sustainable environmentally friendly housing, green open space, walkways, cycleways, and good connectivity to the city centre and with existing communities in the west. As a residential-led development it will offer a range of housing including affordable homes that will attract new families, safeguard employment and strengthen the city’s economy in the future.”
Jamie Driscoll, North of Tyne mayor, said: “We’re already building 1,985 new homes on brownfield land, with affordable and low-carbon housing. Building sustainable, affordable homes on unused wasteland makes a lot of sense. It’s a great way to breathe new life into old industrial sites whilst tackling the housing crisis and protecting our greenbelt.
“The Forth Yards site is a perfect opportunity to ramp up this work. By bringing this site into public ownership we can work together to create more green and affordable homes. And the region’s new devolution deal will mean more funding to explore brownfield sites south of the Tyne, continuing to unlock the North East’s potential.”
Mayor Dame Norma Redfearn DBE, North of Tyne Combined Authority portfolio lead for housing, land and development, added: “This investment is a huge step forward in creating a vibrant new community for the people of Newcastle. Imagine, 1,100 new homes on a site that was once just a wasteland. It’s a clear sign of our commitment to decent housing for all and rejuvenating neglected spaces. It’s about building not just houses, but good quality much-needed homes.”
