Pottery Lane secures green loan financing from HSBC
Newcastle’s largest residential scheme is now secured, as Hines receives eight-figure funding from the bank.
A wider funding agreement looks to support Hines investments across the UK.
The 519-home Pottery Lane will be made up of two blocks with one- and two-bed apartments, and is located within the Forth Yards regeneration area.
All ground works are complete, including ground remediation, piling and below ground drainage, and the reinforced concrete frame is 60% complete with all cores topped out.
The first of the two blocks is expected to reach completion in December next year, with the second block following in January 2027.
The development will be fully electric and have on-site solar panels, with air-source heat pumps in each apartment.
Darren Wilson, head of private rented sector at HSBC UK, said: “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.
“Whilst we have worked with Hines for a while, this is our first residential scheme and so we are excited to watch the development come into fruition.”
