Gateshead Council is working in partnership with award-winning property developer Ask Real Estate and leading investment and development manager PATRIZIA UK to bring forward a £250m scheme creating a vibrant new destination on the River Tyne waterfront.
Located directly opposite the Gateshead Millennium Bridge and between the iconic buildings of Sage Gateshead and BALTIC Centre for Contemporary Art, the 3.84-hectare site will be transformed to incorporate a state-of-the-art, 12,500 seat entertainment arena, a regional convention and exhibition centre as well as hotels, leisure restaurants and extensive public realm.
Gateshead Quays is anticipated to support over 1,140 jobs and attract an extra 296,000 visitors to the region. It’s estimated to boost the regional economy by over £29.5 million annually in future years.
This development has the potential to connect the waterfront to Gateshead town centre and is the missing piece to complement the suite of visionary waterfront developments already in place. It will act as a catalyst for the regeneration of the wider quays area including the 12 hectares available for sale at Baltic Quarter.
For further information contact the Invest team on +44 (0)191 440 5761 or email@example.com.