THE FORGE, FORTH BANKS, NEWCASTLE
Prime 280 unit Build To Rent(BTR) scheme was completed in 2019 by way of a joint venture arrangement with Marcus Worthington Construction having a completed value of over £50M.
The Forge is widely regarded as being one of the first delivered BTR ( formerly Private Rented Sector ) schemes in the regions that was instutionally funded to be delivered and managed on a whole block basis.
The Forge has been extremely successful in the letting phase achieving rents 20% above those forecast in development appraisals. It is still regarded as one of the premier rental places to live in Newcastle.