The Liverpool-based developer has appointed a main contractor and work has begun on The Residence, a 300-apartment project in Salford split between a 14-storey and a 34-storey tower.
Bolton-based Forrest is on site with ground works at the project within Greengate, on a plot next to the River Irwell.
Completion is expected in the fourth quarter of 2018 and is Elliot’s maiden project in Manchester, with multiple schemes underway in Leeds and Liverpool.
Elliot Group’s Elliot Lawless said: “I spoke with several other developers about Forrest and only got glowing reviews. I went and checked out their work, spoke with sub-contractors and got consistently good reports so have been working alongside my project managers, WYG, to negotiate the deal for The Residence. I’m delighted to have them on board and to be cracking on.”
Earlier this year Forrest execute a restructuring programme which saw 30 staff made redundant, and then announce a previously unreported combined £26m pre-tax loss for 2015 and 2016. Greater Manchester Combined Authority stepped in with £2m to help refinance the contractor, while Forrest said it planned to scale back its maintenance business, to focus on new-build residential projects.
The professional team on The Residence was appointed last summer, after Elliot acquired the site already with planning permission for the project, previously known as Norfolk Court. The team has been finalising the design, costing and programming of the Jeffrey Bell-designed towers. Clancy is the structural engineer, Abacus the M&E designer and the Manchester studio of Falconer Chester Hall is project architect.