Try GOLD - Free
Australian investment firm buys city landmark
The Journal
|July 09, 2025
> Hadrian's Tower in Newcastle City Centre
NEWCASTLE'S tallest building, Hadrian’s Tower, has been sold in a multimillion-pound deal.
Australian investment company L1 Capital bought the building, which had been put up for sale last year with a £14.6m price tag.
The 27-storey residential tower opened in 2020 and contains 159 flats, 57 of which were still unsold when the property went on the market last year. It had been developed by High Street Group, which went into administration in 2022 with debts of more than £200m.
Before its demise High Street Group had been one of the North East's most prominent developers, leading plans to develop a site near St James’ Park that now houses the Stack site, as well as a proposed housing development on the former Brett Oils site on the banks of the Tyne in Gateshead. Both schemes were taken over by other companies after High Street Group's collapse.
This story is from the July 09, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
Stars sparkle in silver and scarlet at Emmy awards
FOR some people it's the arrival of Pumpkin Spice lattes in Starbucks.
2 mins
September 18, 2025
The Journal
'Navalny was poisoned'
THE widow of Alexei Navalny has said that two independent laboratories have found that her husband was poisoned shortly before his death in a Russian prison.
1 mins
September 18, 2025
The Journal
Industrial action set to continue
ROPEMAKERS at a historic Wallsend company are continuing strike action over an ongoing pay dispute.
1 min
September 18, 2025
The Journal
Raducanu win can't be delayed
TENNIS Emma Raducanu overcame the frustration of lengthy weather-related delays to beat Jaqueline Cristian in the opening round of the Korea Open.
1 min
September 18, 2025
The Journal
Woman tragically took her own life after 'mistaken identity' case
A YOUNG woman from Newcastle tragically took her own life after \"experiencing extreme trauma\" when armed police raided her home and arrested her partner in a case of mistaken identity.
3 mins
September 18, 2025
The Journal
Durham struggle in bid to beat the drop
ECB REPORTERS NETWORK SUPPORTED BY ROTHESAY
3 mins
September 18, 2025
The Journal
Students’ bright outlook offsets rising cost of uni
Neil Walker
3 mins
September 18, 2025
The Journal
Iran must stop the 'snapback' of UN sanctions
EUROPEAN officials have warned that Iran has yet to take the actions needed to stop the return of United Nations sanctions over its nuclear programme.
1 min
September 18, 2025
The Journal
No room for sentiment as friends become rivals
ATHLETICS Georgia Hunter Bell predicts the days of sharing a room with training partner Keely Hodgkinson are probably numbered.
1 mins
September 18, 2025
The Journal
Inflation the same, as food and drink up
UK INFLATION remained unchanged last month, but food and drink price rises have accelerated for the fifth month in a row, new official figures show.
1 mins
September 18, 2025
Listen
Translate
Change font size