Allied London is looking to form a joint venture with a residential developer to deliver the first phase of Trinity Islands, which includes what would become Manchester’s tallest tower if built.
Allied London has tasked CBRE with marketing Trinity Islands to potential developers interested in forming a partnership with Allied London to deliver Site D, the first phase of Trinity Islands.
This includes around 1,000 apartments on the part of the site bordered by Trinity Way and Regent Road. This area is currently being used a site compound for the construction of the Ordsall Chord.
The first phase will include the construction of three towers – X, Y, and Z – the largest of which, Tower X, will reach 67 storeys, making it Manchester’s tallest building, three storeys higher than Renaker’s highest tower being built at Owen Street. Tower Y is 37 storeys, while Tower Z is 26 storeys in height.
The towers are linked by a podium which will include commercial and leisure space.
Two remaining residential towers of 41 and 26 storeys are to the north of the site and will be developed as part of Trinity Islands’ second phase. Overall, Trinity Islands could deliver around 1,400 apartments and 150,000 sq ft of commercial and leisure space.
Plans were approved for the wider scheme in July last year, subject to a Section 106 agreement, and it is understood Allied London is aiming to start on site in the summer, subject to the appointment of a residential developer and conclusions of negotiations on a Section 106 agreement with the council.
The scheme has been designed by architect Child Graddon Lewis.
Michael Ingall, chief executive of Allied London said: “When we developed the residential element of Spinningfields, the 500-unit Left Bank development, we adopted the same process; following planning consent approval we sold a long lease to an experienced, well-known residential developer to build the development, keeping the commercial element.
“I hope we can do something similar here for this really exciting new development, although our priority is to see the site developed now, and I am sure there will be interest from well-known and established residential developers.”
Tom Sinclair of CBRE’s UK development and residential capital markets team said: “Trinity Islands phase one presents a rare opportunity to secure a prominent development site in Manchester city centre.
“Interested parties will benefit from Allied London’s wider redevelopment of exciting mixed-use neighbourhoods at Trinity Islands and St. John’s.”