Metrocentre signs agreement to deliver riverside development
Metrocentre has signed an agreement with Gateshead Council to deliver Metro Riverside, a major new mixed-use development on the south bank of the River Tyne.
Located three miles west of Newcastle-Gateshead city centre, Metro Riverside will look to transform under-utilised brownfield land surrounding Metrocentre into a diverse new urban community, delivering 4,500 new homes, improved transport infrastructure, and leisure opportunities.
Designed as a 20-minute destination, the development will aim to offer compact, accessible, and walkable neighbourhoods in a high-quality waterfront setting, supported by strong connections to public transport.
Metro Riverside has been identified as a major housing scheme in the North East Combined Authority’s (NECA) Local Growth Plan and in the Strategic Place Partnership created by NECA and Homes England, which seeks to unlock delivery of new homes.
At the heart of Metro Riverside will be a re-imagined Metrocentre, with the centre’s aim being serving the everyday needs of new residents and workers, while continuing to attract visitors from across the North East and beyond.
Martin Healy, chair of Metrocentre, said: “Metro Riverside demonstrates the power of long-term public-private partnerships to unlock transformational change. Developments of this scale and ambition simply cannot be delivered in isolation.
“By working in partnership with Gateshead Council and others, we can bring together long term investment, local leadership and shared purpose to create a new dense, urban community that delivers homes, jobs and opportunities, while ensuring Metrocentre continues to evolve as a major economic engine for the region for decades to come.”