Quayside waterfront to be transformed through £50m build-to-rent development

A new multi-million pound build-to-rent project is set to transform Newcastle’s Quayside.

Edmond de Rothschild Real Estate Investment Management (REIM) has acquired a waterfront site in Gateshead for a planned £50m build-to-rent development.

Situated in Pipewellgate next to the River Tyne, the Brett Wharf scheme is set to provide 269 one and two-bed apartments for rent, as well as commercial space, flexible offices, coffee shops and restaurants.

Construction, which will be carried out by Tolent Construction, is scheduled to begin in October and is expected to be completed in May 2024.

Charlie Miller, co-head of residential in the UK and director of residential transactions at Edmond de Rothschild REIM, said: “Brett Wharf is part of the ongoing regeneration of the Gateshead quayside and will be a vibrant new place to live.

“We will be providing high-quality rental accommodation at affordable levels in line with the strategy for the fund.”