£2.5m central Newcastle student living regeneration project fully let

A central Newcastle student accommodation development has been fully let with the support of a local property agency.

The Student 52 development on North Street East has been fully let with the support of Newcastle-based property agency Walton Robinson.

Developed by The High Street Group, the project marks the firm’s entry into Newcastle’s student accommodation market, catering to the city’s two institutions: Newcastle University and Northumbria University.

The site, formally known as Monument House, has been transformed into a collection of 48 studio apartments designed for student living, and were fully let within two months of being brought to market.

Richard Ponton, investment director at Walton Robinson, commented: “We were very proud to support The High Street Group of Companies during the acquisition of the building and to continue our involvement through delivering a rapid lettings process and now as managing agents for the apartments.

“Newcastle’s portfolio of student accommodation has experienced a positive increase in quality and scale, supported by developments like this.

“The city is a thriving centre of academia and increasingly has accommodation to match the quality of the education students receive in Newcastle.”

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