ISG kicks off £75m Cornbrook build
The contractor has started piling work on the two-tower scheme in Manchester, designed by Tim Groom Architects for developer Brickland, one of its two major build-to-rent projects in the region.
ISG was picked for the project in October last year and has started piling in the last two weeks, with the scheme on course to complete in autumn 2020.
Featuring 363 apartments over two towers of 19 and 16 storeys, the scheme also includes co-working space, a library, gym, residents’ lounge, and two rooftop gardens. ISG’s contract value is around £48m, while the scheme has a gross development value of £75m. Euan Kellie Property Solutions is advising on planning.
Brickland secured a deal with global investor Heitman to back the scheme in September last year, working with LIV Group, which will operate the buildings once complete.
The build features a slipform concrete cord and a traditional grey-brick façade. It is one of two projects being delivered by ISG for Brickland; the other is a nine-storey, 200-unit development on Blundell Street in Liverpool, within the Baltic Triangle. This has a contract value of around £24m.
ISG regional director Paul Munro said: “These new homes are addressing the region’s continuing demand for high-quality rented accommodation, and the wider regeneration will completely transform the quality of life for local people.
“At ISG we are focused on leaving a lasting legacy in the communities we work in and look forward to bringing training and new job opportunities to the community, which will ensure the construction of this development continues to deliver for the people of Trafford long after we leave site.”
Speaking to Place North West last October, Munro said build-to-rent would be one of ISG’s “core sectors” as the regional business aims for a turnover of £100m by 2021. The company is also at second-stage negotiations to deliver a 31-storey tower for Your Housing Group at Liverpool Waters.
