National developer, Salboy, has announced the completion of a 220-unit residential scheme in Salford, Greater Manchester, with a GDV of £52million.
Fifty5ive, located in the popular Greengate neighbourhood, is now the eighth development completed by Salboy in partnership with DOMIS, its dedicated construction partner. The scheme combines two adjoining sites that in isolation were not considered viable for redevelopment, both of which are surrounded by historic and listed buildings. Working with Jon Matthews Architect, Salboy and DOMIS were able to bring forward an ambitious scheme that combined the two sites to allow for a more efficient floorplate, larger amenity space and more natural light.
The residential development comprises 220 stylish one and two-bed apartments and three-bed duplexes. The complex includes a cinema, fully-furnished gym, yoga studio, co-working spaces and a break-out lounge, and is specifically targeted at young professionals building their lives and careers in the twin cities of Manchester and Salford.
The Fifty5ive development is only 10 minutes’ walk from Manchester’s bustling shopping district and popular Northern Quarter. The scheme stands next to Local Blackfriars, also designed by Jon Matthews Architect, a luxury city-living development of 380 apartments, townhouses and penthouses completed by Salboy in 2019 at a GDV of £85 million. Greengate has experienced major regeneration in recent years and has become hugely popular among buyers.
Committed to creating a vibrant and welcoming community, Salboy has marketed this development to a blend of owner-occupiers and investors letting their properties to long-term renters. At the point of practical completion, 98% of the scheme’s homes had been reserved by buyers.
Fifty5ive is the eighth scheme completed and delivered by Salboy in partnership with DOMIS, with the previous seven joint schemes located in Manchester, Salford and Cheshire. The partners are currently on-site on a further six developments spanning Manchester, Salford, Cornwall and Central London. Salboy projects completed and underway with DOMIS have an estimated combined GDV of £1 billion.
Simon Ismail, co-founder and MD of Salboy, said: “Once again, the Salboy and DOMIS partnership has delivered. Fifty5ive was completed under budget and on time and is almost entirely sold out in advance. It’s hugely rewarding to deliver another scheme in this important and historical part of Salford that rightly deserves to be regenerated and enjoyed by people who work and make their homes there for years to come.”
