DeTrafford woes continue as fourth company falls 

The vehicle behind the developer’s completed 166-apartment Sky Gardens in Manchester is now in administration alongside entities behind St George’s Gardens, City Gardens, and Wavelength. 

CBRE Loan Services appointed BDO as administrator over DeTrafford Sky Gardens Ltd yesterday, according to a London Gazette filing. 

A statement from the administrators said: “Due to the wider economic challenges, Sky Gardens faced difficulties in realising the remaining unsold apartments. We will now be taking all necessary steps to maximise returns for the benefit of all creditors in accordance with our legal duties.”

DeTrafford was contacted for comment. 

In recent months, a string of the company’s vehicles has collapsed, leaving creditors owed millions. 

Last August, Place North West revealed that the company behind Wavelength, DeTrafford’s proposed 421-home development at Salford Quays, had gone into administration. 

Creditors on this scheme, which has never been built, are owed almost £11m, according to a report by administrator Kroll. 

In September, BDO was appointed by lender Maslow as administrator to DeTrafford St Georges Gardens, the vehicle behind the completed 138-apartment development of the same name.  

The following month, Maslow once again instructed BDO, this time over DeTrafford City Gardens, the company behind a 109-flat development. 

In December, a report by BDO on City Gardens and St George’s Gardens revealed the companies owed a combined £26m to creditors. 

The collapse of the Sky Gardens vehicle means the companies behind three of the four completed blocks within the Castlefield masterplan are in administration. Roof Gardens is not in administration.

Planning approval is in place for two additional blocks within the Castlefield masterplan, Gallery Gardens and Phoenix Works, which would provide another 366 and 267 apartments respectively.