Mulbury’s £26.7m Port Street scheme in Manchester tops out
Developer Mulbury has hit a new milestone in the delivery of its multi-million pound Port Street scheme in Manchester.
The £26.7m development topped out on Friday (December 1) as VIP guests helped contractors pour the last section of the building’s concrete frame.
Staff from Lymm-based Mulbury were joined by representatives of property investor M&G Real Estate, main contractor Bardsley Construction, frame contractor Cidon Construction and others involved in the project.
Located in the Northern Quarter on the corner of Port Street and Great Ancoats Street, the scheme will create 135 apartments across a building that rises to 15 storeys at its highest point.
The new homes will comprise one- and two-bedroom apartments, all with balconies and access to a concierge reception service. At ground level, 6,000 sq ft of commercial space will be made available for businesses.
Mulbury director Martin Bury said: “When we first identified this site, we knew we could deliver a spectacular scheme, offering a building that reflects the true values of the private rented sector. We’re incredibly thankful to M&G Real Estate to buying into this vision.
“The exceptional quality of the design is reflected already in the quality of the build. When finished, this development will provide a landmark building for this part of the city centre. It will play a key role in keeping young professionals in the city.”
Alex Greaves, head of residential investment at M&G Real Estate, which is funding the scheme, commented: “This is our first entry into the North West market and is a signal of our intent to invest further in the strong regional markets of Manchester, Leeds and Birmingham.
“It is our hope that the involvement of institutions such as ours will lead to further homes being built and an increase in standards. We want our residents to be proud renters because we and our partners Mulbury have developed high-quality homes.”
Bardsley Construction chairman Roly Bardsley said: “As a Greater Manchester-based contractor, we’re pleased to be playing a key role in the ongoing transformation of the Northern Quarter as we celebrate this key stage in the delivery of what will be a statement scheme by Mulbury.”
The scheme, Mulbury’s first private rented sector development in Manchester, was designed by Tim Groom Architects. Completion is due in Summer 2018.