Latimer, housing association Clarion’s development company, has acquired a site in Salford Quays from Fortis for what will be its largest project to date in the North West.
The housing association has purchased part of the wider Furness Quay site; Latimer’s purchase is of a 13-storey development of 272 apartments, which are split between 219 flats for private sale and 53 homes for shared ownership.
Latimer’s site purchase has been completed under a land-and-package deal – under this arrangement Fortis Group’s in-house construction company Beaumont Morgan will deliver the homes on Latimer’s behalf.
This part of the wider Furness Quay development has a gross development value of £57m, and Latimer’s development will be the final phase to be delivered. The purchase price has not been disclosed.
Construction work on earlier phases of Furness Quay is already well under way; a 27-storey tower started in August this year, as revealed by Place North West, while the office-to-residential conversion of the former Bruntwood buildings Furness House and Custom House is also progressing.
These two former offices have been stripped back to their concrete frames and will be fully re-clad, along with the addition of three and two storeys respectively. Together, these will house 137 apartments; the 27-storey tower features 270 homes.
Richard White, director of land and planning for Latimer and Clarion Housing Group, said: “We are committed to playing our part in fixing the country’s housing crisis and plan to build 50,000 homes across the country over ten years. This acquisition is a strong statement of our ambitions for the region and is another example of how we are buying land ourselves which can be turned into new homes.
“We are very excited to be playing a role in the transformation of Furness Quay. Our scheme will provide high quality homes for private sale but also shared ownership homes to help people make that first step onto the housing ladder.”
The professional team on the project includes architect Bowman Riley; landscape architect DEP; planning consultant Lambert Smith Hampton; and Sanderson as transport consultant. Knight Knox is the appointed agent.