One Heritage eyes 2020 for Salford tower start
The developer investor behind proposals for a 55-storey tower at Salford’s Greengate is expected to submit the planning application in the coming weeks.
One Heritage is set to be made up of 544 apartments, in a mix of one, two and three bedrooms, as well as duplexes and penthouses.
Proposed amenity space for residents includes lounge, private dining, rooftop garden, pavilion, gym and library.
Designed by OMI Architects, the scheme at New Bridge Street includes a walkway through the base of the podium, and public realm. Euan Kellie Property Solutions for is advising on planning. Layer Landscape Architects is developing the public realm and riverside link.
The developer is One Heritage Property Developments, established by a Hong Kong-based fund to bring forward the scheme, while the sales are being co-ordinated by One Heritage Holding Group.
In the UK, One Heritage is led by Jason Upton, based in Manchester, and Yiu Tak Cheung, based in Hong Kong.
One Heritage held a public consultation on the plans yesterday, revealing further details of the scheme.
Awais Shahid, formerly a director of Britannia Group, is acting as project director for One Heritage via his consultancy Atzaro Real Estate. Speaking to Place North West at the event, he said One Heritage had established an office on Manchester’s Mosley Street and had hired further staff, with “a long term commitment to the city”.
According to Shahid, the strength of interest from the Hong Kong market showed “people still see Manchester as a great place to invest”.
In the wake of the public collapse of residential developers such as Pinnacle, which is being investigated for fraud over schemes such as Angelgate in Manchester after leaving investors millions of pounds out of pocket, Shahid was quick to stress One Heritage “is not a fractional sales model”.
“We are not a UK developer going out to Hong Kong to get deposits to start on site then asking for more and more money to carry on. The Hong Kong fund is established and regulated, and is now looking to come over to the UK to establish a presence here.”
One Heritage is in talks with a contractor, and plans to start on site next year.