Capital & Centric unveils Manchester residential scheme

capital-centric-unveils-manchester-residential-schemeCapital & Centric has revealed plans for a £50 million residential scheme in central Manchester that will see the building of new homes.

The developer has submitted a planning application to convert a grade II listed mill complex near Piccadilly station into a residential scheme providing 201 one, two and three bed apartments.

The cluster of buildings is situated on Fair Street, Chapeltown Street, Congou Street and Baird Street around a central courtyard area.

The proposed scheme – known as Crusader Works – was designed by Shedkm and will provide 126 apartments in the existing mill and a further 75 apartments in an adjacent 10 storey building.

Adam Higgins, co-founder of Capital & Centric, said: “Crusader Works is one of Manchester’s forgotten treasures and has been neglected for too long.

Our unique design led scheme will see the sensitive restoration of the mill using creative conservation designs to provide efficient and attractive living spaces and ensure the long term sustainability of the listed buildings.”

The developer is also responsible for Kampus – the £200 million mixed-use scheme on nearby Aytoun Street which is being delivered with joint venture partner, Henry Boot.

Work on Crusader Works is due to start on site next May, with the first phase of the apartments to be ready for occupation towards the end of 2018.

ISG gets £13m Corn Exchange project

ISGISG has been awarded a £13 million contract by Queensberry Real Estate to transform Manchester’s historic Grade II listed Corn Exchange into a four star boutique hotel.

The project involves the refurbishment of levels 2-5 of the iconic building, creating a 114-bedroom ‘aparthotel’ for operator Roomzzz.

The scheme is the second phase of a wider £30 million investment to develop the building as a major leisure destination, and follows the refurbishment of ground and first floor levels as restaurant and bar accommodation, all of which will remain operational throughout the project’s duration.

Commencing in mid-August, the scheme sees ISG carrying out remedial works to the roof structure, as well as the installation of a cantilevered scaffold system at first floor level.

ISG will then make significant structural alterations to the building’s floor slabs to introduce new service risers to accommodate the hotel’s modern mechanical and electrical infrastructure.

Andy McLinden, ISG’s Northern managing director, said: “The former Corn Exchange in Manchester is a very special and much-loved building and its latest evolution builds on the growing trend for hybrid guest accommodation in the city.

It’s a great challenge and an environment where we positively thrive as a business and there is a great deal of anticipation to get underway with the transformation of this iconic Manchester landmark.”

Lovell chosen for 130-home Manchester scheme

Lovell chosen for 130-home Manchester schemeLovell has been appointed by Wythenshawe Community Housing Group (WCHG) for a £11.7m design-and-build contract to deliver 130 new affordable homes for local people in Wythenshawe, south Manchester.

The development – on a brownfield site at Greenbrow Road, west Wythenshawe – will create 52 houses for sale and shared ownership and 78 apartments for affordable rent through WCHG.

Construction work by Lovell – which has its North West regional office in Altrincham – recently got under way on land formerly occupied by five blocks of flats owned by WCHG. The new homes are set to be completed in January 2018. The scheme was awarded to Lovell following a competitive tendering process.

Nigel Wilson, Group chief executive of Wythenshawe Community Housing Group, says: “We are delighted to launch this exciting new project and create much-needed affordable housing for this area. This will be another landmark development for the Group following on from Village 135.”

Lovell regional director Nigel Yates says: “We’re delighted to be working once again with Wythenshawe Community Housing Group helping deliver its major new-build housing programme.

This development will bring a mix of smart modern new homes, available for rent, shared ownership and sale, to an area which has a real shortage of family homes as well as housing suitable for single people and first-time buyers. High levels of energy-efficiency will be built into the new homes helping residents save on fuel bills.”

The new homes will be built to the equivalent of Level 4 of the Code for Sustainable Homes incorporating high-efficiency boilers, high-specification floor and cavity insulation.

Forrest to build £12.6m Manchester resi scheme

Forrest to build £12.6m Manchester resi schemeContractor Forrest has been appointed to deliver M-One Central, a £12.6 million new build development in the heart of Manchester.

The Factory Estates Limited scheme will comprise 119 one and two-bedroom apartments over 12 storeys, in addition to communal spaces including a roof-level terrace, a ground-floor gym for residents and a new landscaped public square.

Designed by architects IDP Group, the building will be clad in oxidised metal panels to complement neighbouring structures, with construction due to begin at the end of May 2016 and completion expected in summer 2017.

M-One Central follows Forrest’s work in delivering both X1 Eastbank and X1 The Plaza, both luxury private rented apartments, also on Great Ancoats Street.

Andrew Leaver, associate director, at IDP Group, which created the design, said: “It’s an exciting time to be working on one of the many new buildings changing the Manchester skyline.

The city’s red brick architecture is iconic and M-One has been designed to recognise the existing look and feel of the area, yet offering buyers modern, open plan living in a vibrant neighbourhood.”

Ted Macdougal, development director at Forrest, said: “As more people embrace city centre living in key locations such as Manchester and London, the demand for developments is rising.”

Chris Bowman, director at Factory Estates Ltd, said: “We’re looking forward to working with Forrest on this exciting project, which is set to be a striking addition to a new movement of residential schemes in Manchester.”

Go-ahead for Manchester St John’s Quarter first phase

Go-ahead for Manchester St John’s Quarter first phaseDeveloper Allied London has been given the go-ahead for the first phase of its £1.3bn redevelopment of the St. John’s neighbourhood in Manchester.

Allied London will commence the project in Autumn 2016, expecting to create new jobs in the building construction phase of the project.

The new neighbourhood will consist of 2.8 million sq ft. of workspace, events space, riverside parks, gardens, hotels, arts venues, independent shops, cafes, restaurants, including 1,450 homes, which will come together to form St. John’s, one of the key projects in the Northern Powerhouse initiative.

Designed to provide a real counterbalance to the Capital’s cultural hub the development will see a new calibre of culture in the North emerge and become the new home for The Manchester International Festival.

George Osborne chose St. John’s Old Granada Studios building to host the Government’s Northern Powerhouse talk last week, revealing business reforms that will make a huge difference for the future of modern enterprise in the North and North West.

Michael Ingall, Allied London’s Chief Executive, said; “Allied London has long been championing Manchester and are fully supporting the Northern Powerhouse initiative, which now even has its own elected Minister in the Houses of Parliament.

It is a mission of the utmost importance. Manchester has always been at the heart of enterprise, arts and culture and St. John’s will provide a platform for the city to cluster creative enterprise and activities and flourish with workspace, theatre, music, performance, events, craft workshops and independent retail at the heart of our new neighbourhood.”

Go-ahead for £70m Manchester office block

Go-ahead for £70m Manchester office blockPlans for a new £70 million office scheme in the heart of Manchester have been submitted by Worthington Properties, part of the Lancashire-based Marcus Worthington Group.

The landmark office scheme will occupy a prime office location on Deansgate strategically positioned between the gateway to Spinningfields and Manchester’s civic core.

It will deliver 113,500 sq ft of Grade A office space and a further 12,100 sq ft of retail space over two units that will pave the way for new jobs and boost the building trades.

Replacing 123-127 Deansgate, it will form an integral part of the wider redevelopment of Brazenose Street and Lincoln Square. Construction is expected to start in summer 2016.

Director Russell Worthington said: “This BREEAM Excellent scheme will deliver 113,500 sq ft Grade A office floorplates on one of the busiest and most sought after locations in Manchester. It will make a welcome addition to this area of the city and will complement what is happening in Lincoln Square and its immediate surrounds”

The proposed development will bring a new commercial address to Deansgate, ideally placed to meet occupiers’ requirements for Grade A office space and help fill what is currently a missing link between Spinningfields and the Civic Quarter around Lincoln Square.”

Patrizia unveils first 500-home UK project

Patrizia unveils first 500-home UK projectProperty developer Patrizia has revealed plans for a private rental scheme in Manchester’s First Street regeneration area that will create new jobs and boost economic growth.

The site has capacity for the development of up to 1 million sq ft of office space and approximately 500 new apartments.

The development will be a Grade A BREEAM ‘Excellent’ building with a Weighted Average Lease Term of nine years and is let to high quality occupiers such as Ford, Auto Trader and Jacobs Engineering.

A key cultural, sporting and business hub, Manchester is one of the most sought-after cities in the UK for property investment.

There is particular appetite for PRS development, driven by a lack of good quality private rental accommodation, a thriving employment market, and a city council focused on the benefits of regeneration.

James Muir, Managing Director of Patrizia UK, said: “We have been carefully implementing our strategy of investing in high-growth locations across the UK.

With this investment, our property assets under management in the UK now amount to more than a billion pounds. Driven by attractive economic and demographic fundamentals in Manchester, and the growing trend for urbanisation, we are anticipating strong demand for this centrally located, high-quality accommodation which will be tailored to the private rental sector.

Together with the new commercial buildings we expect to create an attractive investment opportunity for institutional investors. We see this project as an ideal first investment for our planned Patrizia UK PRS Fund.”