UK: Hines has secured a green loan from HSBC UK to fund the delivery of the Pottery Lane BTR scheme in Newcastle.
The 519-home scheme will be made up of two blocks with one- and two-bedroom apartments. Work is already underway on the 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.
Each apartment will feature an air-source heat pump and solar panels. The scheme is owned by the firm’s core plus fund Hines European Property Partners (HEPP), and is Hines’ first UK BTR asset. It is being delivered by Olympian Homes.
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, 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.”
