Rowlinson Construction has completed its 164-apartment build-to-rent scheme on Pomona Island in Manchester.
The 95,600 sq ft scheme has been delivered through a joint funding arrangement by the Greater Manchester Housing Fund and the Greater Manchester Pension Fund.
Nicol Thomas designed the two blocks – 10 and 11 storeys high – which have been built between Hulme Hall Road and the Manchester Ship and Bridgewater canals to the east of Pomona Island.
There are 80 one-bed, 63 two-bed and 21 three-bed apartments.
The development was initially proposed in partnership with landowner Peel, which then sold the scheme to Rowlinson once approval was achieved. The project was then sold to Vista, a fund set up by Hermes Investment Management and Countrywide, in 2016, prior to its completion.
The buildings have been controversial since they were first proposed, with objections over the use of the green scrubland for the development, and fierce criticism of the design.
Cllr Kieran Quinn, chairman of GMPF, said: “The Greater Manchester Pension Fund has a long track record of making investments that not only secure our members pensions, but also deliver on broader social and economic needs such as housing and infrastructure.
“This scheme at Pomona Wharf – on the iconic Pomona Island in Manchester – is just another example of that twin-track approach of doing well for members while doing good for communities.
“It’s great that by working together in partnership we have been able to help deliver much needed homes in Greater Manchester and a good return for our members.”
GVA represents GMPF and manages its investment in the Greater Manchester Property Venture Fund.
GVA’s Gareth Conroy said: “This project is a great example of what can be achieved when the public sector and the private sector collaborate.
“This is the start of the regeneration of Pomona Island and has given what was a forgotten and neglected part of the city, a new lease of life. It is also providing quality purpose built apartments to meet the expanding city centre population.”