Walton Robinson, the Newcastle-based property agency, has supported The High Street Group of Companies’ successful entry into the city’s student accommodation market with the rapid full letting of its first apartment development, Student 52.
Having been appointed by the seller of the former office building, S Harrison, Walton Robinson supported the conversion proposal, assisting during design meetings and providing vital market information, including a detailed marketing strategy.
Subsequently, Walton Robinson was appointed as lettings and management agent for the 48-studio apartment development in North Street East, formally Monument House, which has been renamed Student 52.
Following the £2.5 million regeneration of the property to create the contemporary and stylish accommodation, Walton Robinson began to market the studio apartments, which were fully let within two months.
Ideally located for students of both Northumbria University and Newcastle University, the city centre apartments have been designed to maximise floor space to provide en-suite bathrooms, quality-specification kitchens and bedrooms with multiple storage solutions and attractive living areas.
Walton Robinson is one of Newcastle’s leading estate and letting agents with a growing portfolio in the student accommodation sector. It recently became a member of the National Student Housing Excellence Partnership (NSHEP), which is focused on promoting best practice in this specialist market.
The company joins a select group of landlord and property management members from other UK university cities, including Birmingham, Durham, Leeds, Liverpool, Nottingham and York, which between them house more than 15,000 students.
Richard Ponton, Investment Director at Walton Robinson, said: “We were very proud to support The High Street Group of Companies during the acquisition of the building and to continue our involvement through delivering a rapid lettings process and now as managing agents for the apartments.
“Newcastle’s portfolio of student accommodation has experienced a positive increase in quality and scale, supported by developments like this. The city is a thriving centre of academia and increasingly has accommodation to match the quality of the education students receive in Newcastle.”