Downing acquires Heron’s Yard to complete Downing Plaza

The Heron’s Yard student accommodation acquisition completes Downing's final phase of the Downing Plaza development.

Downing's acquisition of Heron's Yard marks the final phase of the Downing Plaza scheme in Newcastle | PBSA News
Downing's acquisition of Heron's Yard marks the final phase of the Downing Plaza scheme in Newcastle.

Property development and investment company – Downing – has successfully completed the acquisition of Heron’s Yard in Newcastle. The acquisition marks the final phase of its landmark development Downing Plaza.

Located on Heber Street, at the former site of the historic Newcastle and Brown Brewery, the 14-storey Heron’s Yard purpose-built student accommodation (PBSA) scheme will comprise 411-student beds in a mix of 293 standalone studios and 118 cluster beds.

Heron’s Yard will complete Downing’s vision for Downing Plaza – and features facilities including 120,000 sq ft of teaching space for Newcastle University Business School, over 1,800 student bedrooms, a 183-room hotel, and extensive retail space. The prime site in Newcastle was selected to provide unparalleled convenience and accessibility for students and offers proximity to Newcastle University and excellent transportation links.

“We are thrilled to have acquired this prime site in Newcastle to complete our vision for Downing Plaza. This is the latest in a line of key strategic acquisitions for us as we continue to expand our portfolio across the country.

“Newcastle is a thriving university city with a rich cultural heritage and a vibrant student community. We are excited to continue to contribute to the city’s growth and provide students with stylish and inspiring places to call home.”

Martin Fenlon, Associate Projects Director, Downing

Designed by architect Simpson Haugh, Heron’s Yard will feature a landscaped courtyard alongside extensive amenity spaces spread throughout the building. The development has been designed to a BREEAM Excellent standard with sustainable features included throughout the building.

This strategic move marks an exciting milestone for Downing as it continues to expand its PBSA portfolio and solidify its presence in key university cities across the country.