Development funding secured for Salford Quay’s Anchorage Gateway

Development funding has been secured for a 290-home build-to-rent scheme in Salford Quays.Cole Waterhouse has obtained the money for Anchorage Gateway in a joint venture with Taurus Investment Holdings, LCC and their UK partner Rowan Asset Management.A £45.5m finance facility has been agreed with Fortwell Capital, which also funded Cole Waterhouse’s recent successfully completed 351 apartment scheme No1 Old Trafford. Auxilium Real Estate advised Cole Waterhouse on the finance facility. The construction contract has also been signed with Domis Construction. Domis recently completed No1 Old Trafford for Cole Waterhouse. Ground works and piling are well underway on site and practical completion is expected to be December 2023.Designed by Chapman Taylor architects, the 250,640 sq ft, L-shaped residential building comprises 29 storeys, across ground, mezzanine and 27 levels of residential accommodation. It will offer 290 one, two and three-bedroom homes. Anchorage Gateway will also include two landscaped terrace gardens on the mezzanine and level 19 for residents and rooftop penthouse apartments that have extensive private terraces. At ground level the building will offer 4,000 sq ft of commercial space and extensive areas of public realm and landscaping and cycle storage facilities. The delivery team includes WSP|Indigo Planning, structural engineers Renaissance, M&E contractors Novo, landscape architects Exterior Architecture, project managers/quantity surveyors Henry Riley with legal advice from Ward Hadaway.