We had a couple of developers bring schemes in Manchester East (Mayfield area), only to have lenders decline on grounds of it being too much of a regeneration area, and a feeling Manchester could be saturated. These photos in the last few months seem to contradict that opinion. I personally feel it's going to carry on for the foreseeable. Just seen the latest Downing project at First Street - it's on a different scale - £400m and 1.800 units!
Yeah. East Village, not far from Mayfield, seems to be doing well.
Downing Living - First Street
I was a bit concerned by the CGI’s, but I’ve posted pictures of the glass cladding and it looks good, so I’m not overly concerned now.
Funding secured.
Downing secures £227m loan for Manchester cluster - Place North West
A newly-formed partnership between Precede Capital and QuadReal Property Group, supported by Japanese bank Nomura, will fund the construction of a cluster of co-living towers at First Street.
www.placenorthwest.co.uk
Renaker looking for funding for Trinity Islands and Bankside.
Renaker seeks £120m GMCA loan for two towers - Place North West
A 55-storey skyscraper that forms part of the four-tower Trinity Islands cluster and the 444-apartment Bankside in Salford’s Greengate neighbourhood are in line to benefit from public cash.
www.placenorthwest.co.uk