Fred Done puts £185m on St Michaels
The BetFred billionaire has agreed to provide development finance to the joint venture between Salboy and Gary Neville’s Relentless Group, paving the way for the Marriott brand W Residences to makes its Manchester debut.
Fred Done Property Trading Group will fund the 41-storey apartment and hotel tower at the Jackson’s Row and Bootle Street site between Deansgate and Albert Square.
Simon Ismail, MD of Salboy, said: “Our joint venture with Relentless Group will culminate in one of the most ambitious and agenda-setting developments in central Manchester for years, and this investment demonstrates continued commitment from one of our longest and most committed supporters of Salboy schemes.”
Relentless and Salboy formed their JV in 2022. Construction is ongoing with Domis as the lead contractor. The architect is Hodder + Partners. The tower will contain a 162-room W Hotel and more than 200 apartments for sale, priced from £350,000 to £6m.
The first phase, on site with contractor Bowmer+Kirkland, is due to contain 180,000 sq ft of offices. Prelets have been agreed with law firms Hill Dickinson and Pinsent Masons.
W Residences is present in London’s Leicester Square. St Michaels will be its first project outside the capital.
Completion of phase two is due in 2027.
If this is to be uplit as the renders suggest, this will truly be a game changer for the skyline. This, along with a scrubbed up Town Hall will be the absolute bee knees 🙂
By Anonymous
Salboy sets a gorgeous benchmark to other developers in North West. Mixed use with office and hotel and commercial are the trend in many places. A solo residence is not enough tbh. Glad to see Alliance Property Group has a cooperation with a hotel group located near Manchester Cathedral.
All other developers have to improve a lots.
By Martina
Well done Fred.
By Anonymous
Jobs much easier with Freds money
By oscar
It’s in the right location. When they eventually finish Albert Square and the Town Hall the civic quarter is going to look mighty impressive.
By Salboy too
Big city leagues hotel
By Bob
Well done (forgive the pun) both Fred and Peter. Salford lads made good. What about a bit of direct sponsorship for Salford Red Devils to raise profile of RL in the city?
By Anonymous
Will be one of the best developments in Manchester for many years once finished.
By Anonymous
With Lighthouse and Vadux 2 both heading for 80 storeys, this should be Manchester’s Shard. It is a great development but might get swamped, as larger buildings get developed around it, because Manchester is in another league to the rest of the country outside London now, and there is no sign of this remarkable economic resurgence ending, from what is in the pipeline. Make this the stand out building.
By Elephant
Another blot on the skyline which will do nothing to improve life for the people of Manchester.
By Anonymous
Oh dear anonymous 9.43, jealous much? I think you are confusing the purpose of investment and development. This one is an excellent and very high quality design in one of the best locations in the city centre. You should visit when it’s finished. The civic quarter as has already been pointed out will be second to none when finished and this sits on what is currently a dead corner. Come to think of it that will benefit the people of Manchester greatly but also many more who come to invest and live in the area. A win win !
By Cal Smate