Town Centre Securities, GMI form JV to deliver residential project in Manchester

WCN Editorial Team 15 Mar 2016 EUROPE BUILDINGS

Town Centre Securities (TCS) and GMI Construction Holdings have formed a joint venture company known as Belgravia Living Group to deliver a residential project in Piccadilly Basin, Manchester.

Phase one of the residential project, which has already received planning approval, will include the construction of the 90,000 sq ft Burlington House building. Designed by architect Simpson Haugh, Burlington House will feature 91 apartments.

The Greater Manchester Combined Authority has approved a £9.741m loan from the Greater Manchester Housing Fund to support the first phase on Tariff Street.

Preparatory site work is expected to begin in April 2016, with an 18-month development programme expected to commence in June 2016.

Overall, the project will deliver 900 homes over the next six years. The development of all phases of the project is expected to entail an investment of nearly £300m.

GMI Construction Holdings group managing director Jarrod Best said: “We are delighted to have joined forces with TCS to deliver what will be a high quality residential scheme to suit discerning owners and occupiers within the key Manchester M1 postcode.”

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