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Salford PRS project appoints contractor

Salford PRS project appoints contractor

Sir Robert McAlpine has been named as the contractor to deliver a private rental scheme (PRS) development in Salford.

Grainger, the largest listed residential landlord in the UK, has confirmed the £80 million deal, which will see McAlpine carrying out the construction of the 22-storey Gore Street development. This will include 375 rental apartments. 

The project is a joint venture between UK Land & Property and Sir Robert McAlpine Enterprises and is expected to be completed in 2020. It will be a key feature of the redevelopment of central Salford. This area lies just across the River Irwell from Manchester city centre and has attracted a lot of property investment due to its convenient location for professionals who want to live in the central Manchester area. 

Managing director of UK Land and Property Simon Parker said: "We are delighted that the hard work and support of key partners, including Salford City Council, The English Cities Fund and Sir Robert McAlpine Enterprises, has contributed to the opportunity for us to develop this high-quality landmark scheme for Grainger.

"The project will become a focal point to the highly successful Chapel Street regeneration initiative in Salford."

Grainger is already heavily involved in the Greater Manchester apartment market, with other PRS projects including the 614-unit Clipper's Quay development in Salford Quays. The firm's £500 million pipeline of schemes includes 1,200 apartments across the north-west of England. 

The growth of the apartment sector in the Manchester area over the coming years will also include 750 new units at Angel Meadow, on the north-western edge of Manchester city centre. Planning permission has been granted to Hong Kong-based developer Far East Consortium for the scheme.

Part of the NOMA area being developed in conjunction with The Co-operative Society, the development will include a 40-storey tower, one of four buildings on the site.

Construction will begin early next year and take four years in total, with the first apartments being delivered in 2019.

Image: iStock

 

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