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Sign in Sign up for a FREE subscriptionHines in partnership with Olympian Homes commences development of more than 500 new net-zero homes in U.K.
Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle, England, on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Once complete, Pottery Lane will form the city’s largest multifamily development. Plans propose an all-electric scheme powered by geothermal heat pumps and on-site solar PV making it net-zero enabled from day one.
The scheme represents Hines’ first move into Newcastle occupying a prime location on the River Tyne, offering waterfront views and direct access to the city’s river path. A short walk from Newcastle Central Station and 1.6 kilometers (1 mile) from the city’s core retail submarket, the site benefits from exceptional national rail links and a variety of local amenities.
The site also sits within Newcastle’s Forth Yards Regeneration Area, a priority zone for new investment at the core of Newcastle’s repositioning as a regional hub for
