The developer behind what is set to become Salford’s tallest tower has bought a site on the edge of Oldham town centre for £1.25m.
One Heritage Property Developments is backed by a Hong Kong-based fund, and gained planning consent earlier this year for the 55-storey One Heritage Tower at Greengate, which would total 545 apartments.
An arm of One Heritage, Act Property Developments, previously named One Heritage Radcliffe, has now bought the former Oldham County Court building on New Radcliffe Street, backed by lender Together. The property is 21,000 sq ft.
The court closed in July 2017 and all cases were transferred to Tameside.
A planning application from former owner Philip J Davies was approved last year, to convert the building into offices, following a failed attempt to gain permission to turn the building into a house of multiple occupation.
In the UK, One Heritage is led by Jason Upton, based in Manchester, and in Hong Kong, Yiu Tak Cheung.
Awais Shahid of Atzaro Real Estate is project director for One Heritage Tower, which was designed by OMI Architects with planning advice from Euan Kellie Property Consultants. When consent was granted in January, One Heritage said it was hoping to start on site this year.
The plot neighbours the tower cluster proposed by Renaker Build which would see a further 1,500 apartments brought to Greengate.