Hines funds Olympian Homes’ Pottery Lane BTR

Hines funds Olympian Homes' Pottery Lane Build to Rent development which will form Newcastle city’s largest multifamily development.

Olympian Homes' Pottery Lane Build to Rent scheme in Newcastle | Hines | BTR News
Olympian Homes' Pottery Lane Build to Rent scheme in Newcastle.

Global real estate investor, developer and manager Hines has agreed to forward fund the development of Pottery Lane – a new Build to Rent scheme in Newcastle on behalf of the Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.

Plans for the 519-unit development propose an all-electric scheme powered by geothermal heat pumps and on-site solar PV – making it net-zero enabled from day one.

The 325,000 sq ft Pottery Lane scheme will be delivered in two phases by development partner Olympian Homes. Hines has used its extensive experience in delivering sustainable buildings worldwide to adapt the scheme to deliver a building that meets HEPP’s strict ESG targets.

“The rapid growth of Newcastle’s tech and innovation sectors, paired with its rising population and the strong reputation of its higher education institutions, is driving increased demand for high-quality rental accommodation in the city centre, particularly among young professionals. The scheme’s strong amenity provision and market-leading ESG credentials align with the post-pandemic priorities of Newcastle’s young professional renters. Its outstanding location adjacent to the waterfront and proximity to some of the city’s most ambitious new development projects will further enhance its appeal to this demographic in the coming years.”

Ross Blair, Senior Managing Director and Head, Hines UK

The first 11-storey block, comprising 292 private units, will be completed in Q4 2026, with an additional six-storey, 227-home asset due for delivery in 2027. Alongside a mix of one and two-bedroom rental apartments, the Pottery Lane development will provide c.10,000 sq ft of residential amenity space, including a gym, co-working facilities, two roof terraces and cinema room.

The scheme represents Hines’ first move into Newcastle and will occupy 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 1.6km from the city’s core retail submarket, the Pottery Lane site benefits from exceptional national rail links and a variety of local amenities.

“The creation of rental accommodation in areas of high demand and low supply is a high-conviction investment theme for us. We believe this ambitious scheme provides a blueprint for how private capital can be deployed to deliver both value for our investors and the high-quality housing supply the UK and Europe so clearly needs.”

Jorge Duarte, Senior Managing Director and Fund Manager, HEPP

Pottery Lane 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 the tech, life science and innovation industries.

The Build to Rent scheme is also situated close to The Helix – a new c.£350m tech and life science quarter being delivered by Newcastle University and L&G, alongside Pilgrim Place – a new 400,000 sq ft office-led mixed-use destination at the heart of Newcastle’s city centre.

“We are excited to deliver such a high-quality Build to Rent asset in partnership with Hines and RG Group. Newcastle is a flourishing city with growing tech business centres, this scheme will help manage the housing supply/demand imbalance in the city by providing high quality, highly sustainable homes to residents. We would like to thank Newcastle City Council for their ongoing commitment and support in the delivery of this scheme and the wider Forth Yards development.”

James Lindridge, Development Director and COO, Olympian