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Developer agrees deal to deliver new Manchester apartment project

Developer agrees deal to deliver new Manchester apartment project

A major new apartment project in Manchester has moved a step closer after Sisk agreed a deal to deliver the £247 million Affinity Living development at Circle Square on Oxford Road.

The private rental scheme (PRS) project will see 677 apartments being constructed in two buildings of 12 and 17 storeys in height respectively, which will make up phase one of the re-use of the brownfield site, formerly home to the BBC in Manchester until the development of MediaCItyUK.

Other elements of the £750 million first phase include a 600-unit student accommodation development, which Wates Construction is working on now and will finish in September, while there will also be other apartments, offices and shops on the site when it is complete. The location is an attractive one close to city centre workplaces, amenities and theatres, plus transport links such as Oxford Road railway station and the St Peter's Square Metrolink tram stop.

Commenting on the project, chief commercial officer at Affinity Living Mark Oakes said: "With huge growth plans and an ambitious delivery pipeline across the country, we want to work with partners who share the same drive and determination; we believe Sisk are just that.

"We are looking forward to the team starting on site and seeing Affinity Living, Circle Square come to life."

Affinity Living is building 1,800 apartments in Manchester over the next few years as the city centre living market booms.

Much of this boom around Manchester and Salford is being met by PRS developments, including part of the St John's neighbourhood being developed by Allied London. That project, which will see a number of skyscrapers being built as part of the 'Vertical Village' at Trinity Islands, will also include two 36-storey PRS towers bearing the names Nickel and Dime, after planning permission was granted for these last month.

These towers will each have over 300 apartments, with Allied London noting that demand for PRS is 85 per cent higher in Manchester than the national average due to the higher number of young professionals in the city.

Image: iStock

 

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