Salford tower heads to site following funding deal

CBRE Investment Management is set to fund a 23-storey tower in Salford, which will include more than 190 apartments.ECF – comprising Homes England, the government’s housing and regeneration agency, Legal & General, and national regeneration business Muse Developments, is behind the scheme – which forms part of the Salford Central regeneration project.The block will total 196 apartments and will be at Plot C2, located on the bank of the River Irwell between the Slate Yard and Novella residential developments.The three buildings total more than 800 apartments at the heart of Salford Central.It will feature 3,800 sq ft of internal amenity space, including a gym, co-living and working space and a 1,850 sq ft roof terrace on the 22nd floor.Designed by HawkinsBrown, C2 will include a mixture of one, two and three-bedroom apartments.The three buildings in the project will total more than 800 apartments.Morgan Sindall Construction, which built Novella and The Slate Yard, has been appointed to construct the C2 development.Max Bentham, development director at Muse, said: “We’re thrilled to be partnering with CBRE Investment Management. The CBRE IM team are fully aligned with ECF’s and Salford City Council’s vision that has created a thriving destination of homes, workspace and fantastic public amenities, in doing so creating major benefits for the wider Salford community.”Hannah Marshall, CIO – UK direct real estate strategies at CBRE Investment Management, added: “Like most European cities, Manchester’s build-to-rent market is undersupplied, and high-quality assets with strong sustainability credentials, like those planned at New Bailey, are rarer still. We look forward to working with our partners to deliver this scheme to the market, enabling 196 new households the opportunity to rent a sustainable home in close proximity to central Manchester.”Simon Arnott, Morgan Sindall’s managing director for the North, said: “We’re very happy to once again be on site at Salford Central with the ECF delivering the latest stage of its landmark plan for Salford.”Over the years we’ve developed a collaborative and supportive relationship with the team at ECF and our local supply-chain, which has been instrumental in helping this project get to site efficiently. Throughout the three projects we’ve worked on, we’ve fostered a commitment to using our work on these game-changing schemes to improve the skills base and economy of Salford, in addition to the long-term aim of creating much needed new homes.”