Hines lands funding for 519-home city build

A developer has secured funding to push forward a 500-plus-home city scheme.

Hines has been backed by HSBC UK to deliver Pottery Lane, in Newcastle.

Bosses say the one and two-bed apartment venture will stand as the “city’s largest residential development”.

Work is already underway on the 519-home project, which sits within the Forth Yards Regeneration Area overlooking the River Tyne, with its first block earmarked for completion by December 2026.

A second block is planned to follow in early 2027, with officials promising each apartment will feature an air-source heat pump and solar panels across the development. 

Ross Blair, Hines’ senior managing director and country head for the UK and Ireland, said: “We are thrilled to partner with HSBC as we move into the next phase of construction, bringing us one step closer to building more quality housing for Newcastle. 

“We are proud to be supporting the net-zero targets of the city.”

Darren Wilson, head of private rented sector at HSBC UK, which has backed Hines with green loan financing, added: “This is an exciting development showcasing the economic growth and appeal of Newcastle for businesses and residents. 

“This project should help address the wider demand for housing in the city and contribute to wider regeneration plans for the area.”

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