Crosslane Student Developments, part of the Crosslane Group, celebrated the topping out event of its Albert Place development at Albert Street, Newcastle, on 4 May 2017. The ceremony was conducted by the Sheriff Deputy Lord Mayor, Councillor Linda Wright, Charlie Pogson, Director of Marketing, Crosslane Student Developments and Dan Spencer, Director of The Torsion Group.
The high specification scheme, due for completion in time for the start of the academic year in September 2017, is located in central Newcastle, immediately adjacent to the University of Northumbria City Campus East and within a short walking distance to the main campus of the University of Northumbria. Newcastle University is also nearby, as well as metro and bus links, shops, restaurants and bars. The property will comprise 133 beds in cluster flats and 1 self-contained studio apartment. The development will boast high quality communal facilities, including a common room, onsite gym and landscaped private outdoor courtyard, as well as benefiting from onsite management being undertaken by the Crosslane Group lettings & operational management company; Prime Student Living.
The marketing suite and show flats for Crosslane’s Albert Place development are now open at 121 New Bridge Street with the team from Prime Student Living present to take bookings and provide additional information.
Albert Place is the fourth student accommodation property that Crosslane has developed in Newcastle in the past four years, bringing the total number of beds it will have created in the city to 700. Crosslane also has a fifth Newcastle development in the pipeline to help ease the supply/demand fundamentals which persist for purpose-built student accommodation in this fantastic student city.
With two popular universities and a student population of approximately 51,000 students, Newcastle is an exciting student city. Newcastle University is a Russell Group university which attracts some 23,000 students from around the world and a high proportion of postgraduates. Northumbria University is focused on research and business with over 28,000 students, making it one of the largest universities in the UK.
Commenting on the event, Charlie Pogson, Director of Marketing, Crosslane Student Developments, said:
“We are pleased to be on track and on budget for Albert Place, our fourth development in the city, which will help to meet the strong growth in demand for this type of student accommodation in Newcastle when it opens in September 2017. Crosslane has invested significantly in the city, by delivering a total of 700 beds including Albert Place, with a combined value of approximately £60 million.
“We continue to grow our identified pipeline of potential student accommodation investments in Newcastle and other prime university cities in the UK and Continental Europe.”
Sheriff Deputy Lord Mayor, Councillor Linda Wright said:
“I am delighted to be celebrating the topping out of Albert Place, the fourth student accommodation property to be completed in Newcastle by Crosslane. Newcastle’s vibrant and cosmopolitan atmosphere is popular with students and an attractive place to work and invest. With approximately 51,000 students across two highly ranked universities which remain increasingly attractive to students from the UK and internationally, Newcastle continues to see significant demand for quality student accommodation.”
Dan Spencer, Director, The Torsion Group, said:
“We are delighted to be working with Crosslane again in this exciting and vibrant student city. The topping out ceremony is a key milestone in the project, which is making excellent progress and will complete in time for the 2017/18 academic year.”