CoStar UK - The Leader in Commercial Property Information

BTR schemes for Manchester's former Boddington brewery site unveiled

By Paul Norman - Wednesday, February 07, 2018 10:50

Main news image
Prosperity Capital Partners has unveiled plans for a £175m Build to Rent (BTR) scheme oppose Manchester Arena.

The company, with a combined portfolio and pipeline of nearly £100m worth of purpose-built student accommodation, has worked with Assael Architecture on the project.

The 556-home mixed-use development in central Manchester, named Old Brewery Gardens, is part of a residential-led regeneration on the site of the former Boddingtons Brewery, opposite the Manchester Arena.

It will redevelop the surface car park site with a mix of ground floor retail alongside a range of amenities for residents. 

The buildings will be clustered around a communal garden at the heart of the scheme. Other amenities will include a gym, residents’ lounges, rooftop terraces and a large, central communal garden, which will be used as an open-air cinema and an outdoor yoga studio.

The development will also include 40,000 square foot of retail and commercial space. Out of the 556 homes, 181 will be for sale and the remaining 375 for rent.

Prosperity Capital Partners is an integrated investment and development business with plans to deliver more than 10,000 new homes over the next decade across the UK and Ireland. 

Ed Fowkes, development director at Prosperity Capital Partners, said: “We are delighted to be delivering a landmark scheme in central Manchester that will be accessibly priced with a range of exciting amenities, including allotments to encourage a new wave of green-fingered renters.

“Equally, Old Brewery Gardens will be part of Manchester’s world-leading cultural scene, supporting its growing inward investment by providing high-quality homes for families and professionals alike.”

Félicie Krikler, director at Assael Architecture, said: “The Old Brewery Gardens scheme in Manchester will make a significant contribution to the area and city, both culturally and economically. The quality design blends the residential buildings into the wider landscape, with the red brick hinting towards Manchester’s mercantile roots. The development is one of our most ambitious in the regions and will deliver a great environment for residents and the wider public.

John Cooper, Partner at Deloitte, said: “We are confident that the Old Brewery Gardens scheme will make a significant contribution to the flourishing build to rent market in Manchester. The range of apartment options and the flexible retail and commercial uses will make Old Brewery Gardens a prime example of what build to rent can provide the regional cities.”

pnorman@costar.co.uk

Get in Touch
+44 203 205 4600