Property development and funding company Salboy has acquired the earlier site of the Boddingtons Brewery, a 52,700ft2 site in Manchester, UK, to build a mixed-use scheme.
With a £195m gross development value, the mixed-use scheme will be divided across five buildings, including a 26-storey tower.
The project will see development of 556 new homes for sale and rent, 31,000ft2 of commercial and retail space, and amenities that include rooftop terraces and landscaped gardens.
This mixed-use scheme, which is yet to be named, is a part of Manchester City council’s planned, residential-led regeneration of the site.
The site was home to Boddingtons Brewery until 2005.
It is situated next to the site of Manchester College’s new £100m city centre campus, and just a short walking distance of the city’s Northern Quarter, a scheme that is expected to draw students and young people for good accommodation.
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Salboy co-founder and managing director Simon Ismail said: “We are delighted to be the new owners of the Boddingtons site – an ideal location for urgently needed regeneration thanks to its close 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 project will be built by Salboy’s construction partner, Domis with construction mobilisation due on site early next year.
So far, Salboy has delivered over 2,750 new homes to Manchester and neighbouring Salford.
Image: The project will see development of 556 new homes for sale and rent. Credit: Salboy.