Exciting residential development moves a step closer to becoming a reality
29 April 2016
Balfour Beatty Investments, the global infrastructure investor, has today submitted a planning application for a residential-led mixed-use development within New Cross, Manchester.
The Hodder and Partners designed ‘build to rent’ development consists of 274 one/two/three bedroom apartments within two buildings positioned around a landscaped courtyard. Residents will be provided with amenities including; concierge facilities, residents lounges, a gym, and two roof top terraces incorporating private dining pavilions.
The development is within a five minute walk of the vibrant and creative Northern Quarter district which offers a range of independent designers, bars and restaurants. It is also within easy reach of Piccadilly Gardens, Market Street and Shudehill interchange for connections to the extensive bus and metrolink service as well as Victoria Train Station.
Balfour Beatty Investments acquired the site in January 2016 and pending the successful planning application it is anticipated that construction will commence late 2016 with the first residents moving in in late 2018.
The development follows the principles set out by Manchester City Council within the New Cross Neighbourhood Development Framework to help bring forward the regeneration of the area.
Photograph: A Computer Generated Image of the New Cross Development, Manchester
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Notes to editors:
Balfour Beatty Investments is a global infrastructure investor operating in the UK, US, Canada and Australia. The Company provides the investment capability to deliver complex infrastructure projects. Over the past 17 years, Balfour Beatty Investments has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 70 projects worldwide. In recent years, Balfour Beatty Investments has diversified into new markets and geographies, demonstrating a successful evolution. Our core markets include: healthcare, education, student accommodation, residential and military housing, highways and power and waste.
The company continues to diversify with residential developments in prime locations adding to its portfolio. In March 2015 Balfour Beatty Investments signed a development agreement with the London Legacy Development Corporation to invest and construct the new East Wick and Sweetwater housing development project on the Queen Elizabeth Olympic Park which will create 1,500 homes