Select Property has secured a £128.5m development loan to bring forward its One Port Street residence in the heart of Manchester’s Northern Quarter.
The funding comes from Maslow Capital as groundwork on the 477-home development nears completion.
Some £135m of sales at the development have already been achieved.
Select chief executive Adam Price said: “One Port Street will bring forward a new neighbourhood that will connect the Northern Quarter with Ancoats – two of the UK’s most thriving places to live – and will deliver a lasting multi-million-pound boost to the city’s economy.”
Matt Pigram, senior partner at Maslow Capital, added: “This ambitious project reflects Maslow Capital’s unwavering commitment to the UK’s housing sector and to supporting large-scale projects that are critical in addressing the nation’s housing shortage.”
One Port Street is scheduled for completion in 2025.
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