A major city centre scheme, the project will involve the creation of 350 new high- quality apartments, designated for local university students. Amenity spaces will also be developed to include a gym, study rooms, and cinema room as well as an external courtyard. Rund’s appointment follows property development specialist HG Living’s agreement with Singapore-headquartered Q Investment Partners (QIP) to forward fund the PBSA scheme. HG Construction, which has extensive experience in delivering student accommodation schemes across the UK, has been appointed as the main contractor on the project. Rund has been involved in the scheme from project inception, formulating and administering the contract for demolition and enabling works, while also carrying out monthly valuations, overseeing the design stages, and managing contractor appointments.

Tom French, Managing Surveyor at Rund, commented: “Newcastle has two great universities who collectively host over 50,000 students, making this city one of the country’s leading destinations for higher education students. Because of this, demand for purpose-built student accommodation has been increasing steadily over the years and we’re very much looking forward to bringing our experience and surveying expertise to bear in what will be one of the most significant schemes of its kind in the region.” Rund will also oversee the site main works throughout the two-year build programme. Rund’s responsibilities will include carrying out monthly site inspections, monitoring contractors, administering building contract terms, and overseeing cashflow monitoring and reporting. The scheme is expected to complete in July 2025.