Nationwide property developer, Salboy, has acquired the former site of the Boddingtons Brewery, a renowned 52,700 sq ft site in central Manchester.
With a £195million GDV, the mixed-use scheme will split across five buildings including a 26-storey tower, all of which will provide 556 new homes for sale and rent. The development will also include 31,000 sq ft of commercial and retail space and amenities for residents that include rooftop terraces and landscaped gardens.
The scheme forms a major part of Manchester City council’s long-planned, residential-led regeneration of the site that was home to the Boddingtons Brewery until 2005. The Council first published its strategic regeneration framework for this site in 2015.
Located adjacent to Manchester College’s new £100million city centre campus, and in short walking distance of the vibrant Northern Quarter, the scheme is expected to attract students and young people among whom demand for good-quality accommodation in central Manchester has never been higher.
A recent report by JLL named Manchester as the fastest growing city among the UK’s ‘Big Six’ outside London, recording 34% growth in the last ten years and the largest employment and population growth in that time too.
Simon Ismail, co-founder and managing director of Salboy, commented: “We are delighted to be the new owners of the Boddingtons site – an ideal location for urgently-needed regeneration thanks to its proximity to city centre leisure, business, higher education and transport links. The future of this site has been the subject of local speculation for too long and we are excited to mobilise construction as soon as early 2023 to bring more sought-after homes to people who want to work, live and study in Manchester.”
The scheme will be built by Salboy’s dedicated construction partner, DOMIS, with construction due to start in early 2023.
