Scarborough Group International has concluded construction of the second phase at its Middlewood Locks scheme in Salford.
Phase two of the £1bn project includes 546 PRS homes across four buildings centred around private podium gardens.
The whole tranche of development will be operated by build-to-rent specialist Get Living, which bought the entire phase in 2019.
Get Living now has a portfolio of around 4,000 homes and Middlewood Locks is its first venture outside of London. It already owns 275 apartments within phase one at Middlewood Locks, branded as New Maker Yards.
Middlewood Locks is now home to around 1,000 residents, SGI said. On site amenities include Seven Bro7hers Beer House, a Co-op and the 92 Degrees coffee shop.
Nicola Wallis, sales & marketing director at SGI, said: “As demand for buying and renting city centre homes, particularly in Greater Manchester, remains very strong, we know that our exciting new neighbourhood will continue to flourish.”
Wallis said the next phase, The Railings, will include 189 homes for sale, including the development’s first canalside townhouses. Work will start in the New Year.
SGI has also submitted planning applications to deliver further mixed-use accommodation on the remaining 10-acre plot with determination expected soon
Middlewood Locks is a joint venture between Scarborough Group International, Metro Holdings Limited, a Singapore-listed property development and investment group, and Hualing Group, based in China.
Future development is to include offices, a hotel, shops, restaurants, car park and gym. The scheme is being developed around the three large basins of the Manchester, Bolton & Bury Canal.