The penthouse has already been sold. Credit: via MHW

Adderstone launches high-end Newcastle resi

Agent Urban Base has been appointed by the developer to promote Hanover Point, an apartment project overlooking the Quayside.

Sir John Hall, developer of the Metrocentre and former Newcastle United chairman, was guest of honour at an event to mark the scheme’s official launch.

In Clavering Place, Hanover Point sits close to the Stephenson Quarter. The project features 10 bespoke apartments across eight levels within a gated, landscaped courtyard. Each apartment has Tyne views.

While the £1m penthouse has already been sold, apartments 1-9 priced from £525,000 to £975,000 are available for purchase.

Adderstone has built a reputation for high-end residential, and previously developed the North East’s most valuable apartment, Moorlands Penthouse in Gosforth, which sold for more than £1.35m.

Sir John Hall and Adderstone’s Ian Baggett addressed the launch. Credit: via MHW

Founder and chief executive Ian Baggett said: “Sir John showed me and an entire generation of entrepreneurs that it was possible to stay and build great businesses in the North East. He inspired me to become a property developer.”

The guest of honour added: “Ian and I go back a long way and it’s great to see him and his colleagues continuing to deliver these ambitious projects. More than ever, Newcastle and the North East needs brave developers who make markets.

“With all the talk of affordable homes it is important not to forget that the North East needs high quality homes if it is to retain and attract talent and ambition.”

Jan Dale, director of Urban Base, said: “Due to the exemplary nature of this scheme, the unique high level riverside location, close to main transport hubs, and the overall high-quality design, interest from the local luxury-buyer market, investors and business executives is strong.”

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