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Tuesday, May 02, 2023

Gateshead Council names GQ2 shortlist

Gateshead Council has named the four companies it has shortlisted as potential developers of the Gateshead Quays Phase 2 site.

The four shortlisted companies are St James Capital Group Ltd, St Modwen Properties plc, Kier Property Ltd and Land Regeneration UK Ltd.

The four companies have been asked to begin preparing more detailed proposals for the GQ2 site ready for presentation to the Council later this year. Gateshead Council will then select a preferred developer for the site.

Nine major national and international development consortia submitted expressions of interest in response to the Council's marketing campaign for a world-class developer for the 5.5acre Gateshead Quays Phase 2 site next to The Sage Gateshead.

Derek Quinn, group director of Development and Enterprise for Gateshead Council, said: "We were delighted with the level of interest from developers who took the opportunity to submit an Expression of Interest. All of these submissions have now been assessed and four have been chosen to go forward to the next stage."

The GQ2 site, which is currently a temporary car park, is recognised as one of the most important and desirable pieces of development land in the north east, surrounded by buildings that have attracted no fewer than 37 national and international building and design awards.

Gateshead Council believes that the right developer could create a significant public space within Gateshead Quays, perhaps incorporating a network of streets and courtyards with family friendly bars, restaurants, street cafes and specialist shops, hotel, residential and office development.

The final result will build on the emerging cultural character of the area, creating a busy urban quarter with a family-friendly atmosphere where people will feel safe and comfortable, whether they are visiting, working or living there.