Month: February 2018

Housing Infrastructure Fund

27/02/2018

New Victoria - Muse Developments

New Victoria – Muse Developments

Two contrasting residential developments in Manchester have been allocated monies from the Government’s £5bn Housing Infrastructure Fund.

The sites, one in the city centre and the second in Moss Side, to the south of the city, faced different issues over viability and received support from Manchester City Council to bid for the funding which will unlock the projects.

New Victoria :

A high-profile scheme by Muse Developments for two residential towers next to Victoria Station providing a total of 520 apartments.

Currently a cleared open surface car park, the site has challenging infrastructure demands which to date have made the scheme unviable.

Its location fits the city council’s aspiration to provide high quality housing close to main transport connections and within walking distance of the major employment areas and development would replace an underused site with a gateway scheme, maximizing efficient use of land.

New Victoria was awarded £10.074 m to help remediate the challenging constraints of the site.

Stagecoach:

Marketed through Manchester Place, Rowlinson Construction won the tender process to develop the site and in December 2016 was granted permission for 54, two and three storey large family homes, 132 one, two and three bed apartments and 72 apartments for retirement living.

Outline planning was also approved for an Integrated Health Care Centre fronting onto Princess Parkway.

The Centre is considered to be a key element in supporting new and existing neighbourhoods and HIF funding was sought to address the viability gap in providing this important facility and the value it would generate.

Supported by MCC the project has been awarded £3.314m.

 

Stagecoach site - Rowlinsons Construction

 

Manchester Place chief executive Paul Beardmore said: “The Housing Infrastructure Fund is another important element in getting housing schemes, vital to the continued growth of Manchester, underway.

“Manchester Place continues to work with developers and investors to assist in a variety of ways to help bring schemes forward.”