Mulbury strikes New Cross funding deal

The Manchester leisure centre on Oxford Road is to undergo an extensive refurbishment over the next two years to improve facilities and reduce its carbon footprint, according to plans from the city council.

A joint venture between developer Property Alliance Group and investor Starwood Capital Group has acquired the 1970s Manchester hotel and intends to redevelop it into a mixed-use scheme with offices, homes and a new hotel.

Ask Real Estate and Whitbread have unveiled plans to build a 41-storey residential tower and 400,000 sq ft of offices in the First Street development zone in central Manchester.

Contractor RG Group has been appointed to build the 31-storey Manchester residential scheme on behalf of investor Ridgeback Group, which has bought the site from Cable Swan, a joint venture between Sir Robert McAlpine, Britannia Group, Prime Developers and Foundation Real Estate. 

Developer Watkin Jones Group has lodged an application with Manchester City Council to redevelop the site of the USDAW trade union building on Wilmslow Road into a 425-bedroom student housing development.

The financial giant's merchant banking division, working with operating partner Pitmore, has acquired a 918-home portfolio of North West rented houses from Gatehouse Bank.

GMI Construction is to build projects on Oldham Road and Bendix Street while the developer will self-deliver a third project in the Manchester neighbourhood, a 73-apartment complex on Goulden Street. 

Contractor Russell WBHO has finished building the 158-bedroom hotel in Manchester on behalf of Bruntwood SciTech and Vita Group, which are developing the £750m Circle Square mixed-use scheme in a joint venture.