Market Leads & Opportunities

Demolition starts to make way for £41m development

Source: https://www.insidermedia.com/

Demolition work has started on an industrial site on the banks of the River Tyne in Gateshead to prepare the way for a development of apartments.The High Street Group has begun the demolition of the old oil depot, representing the first stage of the £41m mixed-use Brett Wharf development.The 1.5-acre site will be subject to a 24-month build programme, with construction due to begin later this year.Located near to the Swing Bridge, Brett Wharf will feature two buildings containing private rental sector (PRS) apartments along with commercial and communal spaces.The ground floors of the buildings will accommodate office space, café/restaurants, leisure and parking. The upper floors of the buildings will consist of a mix of 54 percent one-bedroom and 46 percent two-bedroom apartments.