Salboy in talks to deliver St Michael’s tower
The developer is in discussions with Gary Neville’s Relentless about bringing forward the 40-storey residential and hotel skyscraper at Manchester’s most high-profile project, according to market sources.
Several sources have indicated to Place North West that Salboy and Relentless are thrashing out a deal that will see Fred Done’s company bring forward part of the £200m Manchester development.
The tower, designed by Hodder+Partners, is to feature 191 hotel rooms and 181 apartments. Neville told Place North West in December that construction on the tower could start by the end of this year. He estimated that the build would last 3.5 years, with the project completing before 2027.
It is unclear at this stage whether Salboy is seeking to form a joint venture with Relentless on the scheme or to buy the residential and hotel element outright.
Both Salboy and Relentless declined to comment.
Construction of the first phase of St Michael’s, which comprises 185,000 sq ft of offices, is underway. Bowmer + Kirkland is the lead contractor for this element of the project, which is being funded by KKR.