Newcastle United acquires Leazes Terrace
The football club has snapped up the 315-bed student accommodation located immediately adjacent to St James Park, as part of its long-term strategy for the stadium’s wider estate.
Purchased from a Bahrain-based syndicate of investors, the grade one-listed building will continue to operate as student accommodation for now, and will continue to be managed by Graysons Properties.
The purchase comes at a time when the future of St James’ Park remains in debate, with the club seemingly unable to decide whether to extend the existing ground or build a new stadium elsewhere – although any plans have been put on hold until after Euro 2028 tournament, with UEFA requiring a guarantee that the stadium will remain as-it-is until after it has hosted its assigned matches.
However, by holding a greater footprint close-by, it appears Newcastle United’s main shareholder, Saudi Arabia’s PIF, could be leaning towards staying at the much-loved football ground, with the option to redevelop the site for community uses in the future.
Avison Young supported Newcastle United through the transaction, including planning, building consultancy, and investment acquisition services.
Simon Beanland, principal, capital markets at Avison Young, said: “Leazes Terrace has always been part of the story of St James’ Park, so bringing it into the club’s ownership feels like a natural next step.
“It creates a real opportunity for how the stadium and surrounding area can evolve over time, while respecting the heritage of the site.
“We are pleased to have advised Newcastle United to acquire this
Gordon Hewling, regional managing director, Newcastle at Avison Young, added: “This marks an important moment and a strategic step for Newcastle United and how it shapes its footprint around the stadium.
“Leazes Terrace has a strong identity in the city, and its future now sits alongside the club’s wider plans. It’s been rewarding to support something that connects so closely with both the club and the local community.”
