Amstone Developments has agreed a deal turnkey deal with One Manchester to deliver 96 new, modern residential homes comprising seven townhouses and 89 apartments. Housing provider One Manchester currently owns and manages more than 12,000 units across Greater Manchester and will own and manage the homes which will be affordable for build to rent, affordable rent and shared ownership.
The 0.31 ha (0.75 acres) site is on Stockport Road approximately 2.1 miles south east of Manchester city centre and construction is due to begin before the end of this month (November). The derelict former spice factory building stands on the site which will be demolished as part of the site preparation.
Rowlinsons has been appointed as contractor on an 18 month build programme. The scheme was designed by architects Leach Rhodes Walker.
Stockport Road is a major arterial route running north to south, connecting Manchester to Stockport (4.8 miles south-east) and forms part of the larger A6 route. Manchester city centre lies 2.1 miles to the north-west of the site and there is access to the motorway network is via the M60, six miles to the east of the site. Education and employment opportunities sit within a 10 minute walk of the site comprising Manchester University and St Mary’s Hospital.
The site is accessible from a number of sustainable transport modes along Stockport Road with a bus stop adjacent to the site providing a regular service for quick and easy access to the city centre; Ardwick and Longsight to the north and Levenshulme, Heaton Chapel to the south. A designated cycleway is also located along Stockport Road permitting safe and convenient access for cyclists travelling to and from Manchester city centre. Three railway stations are also within walking distance of the site providing regular services to the whole of Greater Manchester, Cheshire, Lancashire, Liverpool, the North East and Norwich in the East.
The site was purchased in 2019 for an undisclosed sum from Castlevale Ltd and the sale completed earlier in 2020.
Adnan Sidiqi, Director and Founder at Amstone Developments said:
“Amstone has a range of build to rent developments it is working on across Greater Manchester. What these sites have in common is a that they are in a great location with good transport links and incorporate high quality design and tap into definite demand in the area.
“Signing One Manchester to own, build out and manage the homes and jointly shouldering the development and construction risk, means that we move towards completion with confidence and they are presented with a hassle-free, high quality product upon completion. Whilst on a much larger scale, this deal is similar to the one we did with Grainger at Clippers Quay in Salford Quays.”
Judy Noah, Interim Development Director at One Manchester said:
“We’ve been working with Amstone for many months to bring forward this prominent scheme and are delighted to have now started building.
“As usual our commitment to affordable, high quality homes is demonstrated here, as we’ll be creating a mix of build to rent, shared ownership and affordable rented homes. The scheme will also include a roof terrace and has excellent facilities for our future residents, transforming this derelict site for the benefit of local people.”
Amstone Developments’ most recent completed scheme (and the largest BTR scheme outside of London when constructed) is the £100m / four acre (1.76 hectare) Clippers Quay which was purchased in 2014, achieved detailed planning approval in 2015 with forward funding and start on site in 2016. Sir Robert McAlpine was the contractor and the architect was Leach Rhodes Walker. It is an exemplar in the build to rent sector and has been shortlisted for several industry awards.
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For further information, please contact:
- Justine McGuinn of Just PR & Marketing on 07903 661228 or justine@justprm.co.uk (Amstone)
- Laura Lewis, PR and External Affairs Manager at One Manchester on 07526 167 021 or Laura.Lewis@onemanchester.co.uk.
NOTES TO EDITORS
About Amstone Developments http://www.amstone.co.uk/
Established over 20 years, the Amstone stable has a significant commercial property portfolio in the UK and central Europe. In this new cycle it is focussing towards residential development and aims to become the front-runner build to rent developer in the North West with a focus on creating quality urban village environments. Amstone is well funded with access to significant private equity funds and is well poised to roll out its build-to-rent village concept in other locations, Clippers Quay, Salford Quay being its exemplar project in the region.
About One Manchester www.onemanchester.co.uk
One Manchester is a provider of housing and community services, offering support to people in all areas and stages of life and circumstance.
We own and manage more than 12,000 homes in central, south and east Manchester.
We make a difference to people and places by creating opportunities, transforming communities and changing lives.
As an organisation that values an imaginative approach, we are constantly seeking new and innovative ways of investing, creating partnerships and bringing people together to make a long-lasting, positive impact on our communities. We call this social innovation.
These are exciting times for the city of Manchester and the wider region. We have ambitious plans to build on the success of Manchester, to ensure growth continues in the housing, services and partnerships that we provide.
In developing new homes and business opportunities, we aim to offer more choice, quality and value to our existing and new customers alike.
