English Cities Fund, a joint venture between Muse Developments, Legal & General and the Homes & Communities Agency, has been granted reserved matters planning consent for a second block of flats for the private rented sector in Salford.
The 110,000 sq ft scheme will be situated on the banks of the River Irwell, next to ECf’s New Bailey development, which is just over the bridge from Spinningfields. Designed by AHR Architects, the building will be made up of 135 flats and will sit alongside ECf’s first 90-apartment PRS scheme, which is currently on site and is being forward funded by Legal & General Capital.
Phil Mayall, development director at ECf, said: “We announced in June that we would be developing the first custom-built PRS scheme to be delivered in Greater Manchester. We are very pleased with the progress that we have achieved so far and are delighted to be announcing that we are planning a second PRS development at the site.
“We are currently in discussions with a potential funder for the scheme. We hope to be in a position to announce further details on this, as well as the name of the appointed contractor in the New Year, when we will also be introducing a new branding concept for the scheme.”
Work is expected to start on site on the new PRS scheme in early 2016.
In addition to the PRS developments, the wider New Bailey scheme will feature offices accommodation, cafes, bars and restaurants and an outdoor events space which is currently home to the Manchester ice rink.
A 143-bed Premier Inn and a 615-space NCP car park which are now complete and open to the public. The first office development, One New Bailey, is due for completion in May 2016.