Dandara Manchester Prs For Dclg

Dandara secures £45m development finance from Government housing pot

Dandara is to receive a £45m loan from the new £3bn Home Building Fund to deliver more than 2,000 rental units across three sites in Salford, Leeds and Birmingham.

Chapel Wharf will contain 995 apartments on a four-acre site next to the Lowry hotel in Salford. Planning permission was granted in February 2015 for a design by Axis Mason. The developer said it has secured further development finance from HSBC.

Founder and chairman of the Dandara Group Dan Tynan said: “Dandara has already built more than 2,500 properties of this type in the last 10 years in the UK…We are now in a position to actively work with institutions, and independently, to make a sizeable contribution to this market.”

Construction work on all three projects is due to start in January 2017 and is expected to be completed by December 2019. Dandara is working with main contractors Galliford Try, Interserve, and Sir Robert McAlpine. The developer was advised on the funding by lawyers Addleshaw Goddard, property advisers Knight Frank, and Greyfriars Strategic Financial Advisers. The Chapel Wharf team include PPS Group and CBRE.

Your Comments

Awful, awful, awful scheme. Gross over development with little consideration for the quality of life of its residents or its visual impact on Chapel Street. This is basically a dormitory, somewhere to sleep at the end of the day but not somewhere to live long term; glorified student housing but at a premium cost. Government should NOT be subsidising bad design.

By My eyes

Shockingly bad design! Why do all Dandara developments look the same? Just looks like a regurgitated St George’s Island! Complete over development from yet another greedy developer!

By David

There’s so much dross going up in Manchester now that you do wonder what the long-term impact will be of it all? Sure, the city economy is thriving but liveability is important too isn’t it? This is basically a reworking of those horrible Salford tower blocks from the 50s/60s. And weren’t they a wonderful success!

By Deebee

No style…Salford CC needs to have higher ambitions and not let everything just pass because fills a space….

By Schwyz

Yuk.

What are these going to look like in 10-20 years? dear oh dear.

By .

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