Renaker in talks over Transition acquisition
The developer is hoping to add DeTrafford’s Great Jackson Street site in Manchester to its portfolio, according to market sources.
The Transition plot has planning permission in place for a three-tower development comprising 399 apartments.
While talks with Renaker over a potential sale of the site continue, DeTrafford is also looking to offload a development site at Salford Quays known as Wavelength. The site has permission for 421 homes and is being marketed by Colliers.
Manchester City Council granted planning approval for the SimpsonHaugh-designed Transition in 2019.
The scheme would be constructed on plot E of the Great Jackson Street masterplan, close to several Renaker developments.
The project would see the construction of two towers of 32, 26 storeys and a third 18-storey block. In addition to the 399 apartments, the plans feature 50 retirement living units.
In March, DeTrafford applied to discharge several conditions pertaining to Transition in a bid to prevent the planning permission from expiring.
Rumours of Renaker’s interest in the DeTrafford site may come as no surprise to Manchester’s property community.
Transition is located in an area that Renaker has made its own in recent years.
The developer has already delivered the 1,500-home Deansgate Square on Great Jackson Street, as well as another 664 apartments at Elizabeth Tower and Victoria Residence nearby.
At present, Renaker is on site delivering Three60 and Blade – which provide another 855 homes – and is preparing to start work on a pair of 51-storey skyscrapers nearby, for which planning approval was granted in March.
Renaker and DeTrafford declined to comment.