Greater Manchester JV to create 91 apartments with £9.7m loan

Belgravia Living Group, a joint venture development company, is about to commence work on 91 new apartments in Manchester as part of a 900-unit masterplan.

Set to be called Burlington House, the residential block will be built on Tariff Street with a loan of more than £9.7m from the Greater Manchester Housing Fund.

The 90,000 sq ft building, for which detailed planning consent has already been secured, falls within the Piccadilly Basin development, which incorporates the Urban Exchange Retail Village office site, the apartment buildings known as Vantage Quay and Jackson’s Warehouse, and a multi-storey car park.

Belgravia Living Group plans to create around 900 residential units at Piccadilly Basin between now and 2022.

Edward Ziff, the chairman and chief executive of Town Centre Securities, which launched the Belgravia Living Group joint venture alongside GMI Construction Holdings and its subsidiary, Duchy Homes, said: “We have been committed to the regeneration of Piccadilly Basin for many years and the Piccadilly North neighbourhood will become even more strategically important with the delivery of HS2.”

Once complete, Burlington House will comprise a mix of one-, two- and three-bedroom homes. The site was designed by Manchester-based architects Simpson Haugh.

GMI Construction Holdings’ group managing director, Jarrod Best, commented: “We are delighted to have joined forces with TCS to deliver what will be a high quality residential scheme to suit discerning owners and occupiers within the key Manchester M1 postcode.”

Preparatory work will start in April, with the full 18-month development programme due to begin in June this year.

Sue Derbyshire, the chair of Greater Manchester Combined Authority’s Housing and Planning Commission, said: “I’m delighted that we’re able to play our part in supporting this development.

“This project will take us another step closer to our goal of building more than 10k homes a year in Greater Manchester.”

The Greater Manchester Housing Fund was introduced in the region’s devolution deal. To date, it has seen more than £100m of loans approved to stimulate housebuilding across the county.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.