Select Property, has secured a £128.5m development finance deal with Maslow Capital to bring forward its landmark One Port Street residence, in the heart of Manchester’s vibrant Northern Quarter.
The One Port Street development will bring 477 premium apartments to the city on its completion in 2025. Select Property expects the development to create at least 59 jobs and an estimated economic impact of £29.07m to the city once completed.
Adam Price, CEO of Select Property, said: “Significant appetite from investors and funders alike is testament to the strength of the opportunity promised by One Port Street, and to our team’s track record of developing and operating successful residences in Manchester.
“The residence will deliver the very best of city centre living, with luxury amenities and a stunning contemporary design throughout the apartments and communal spaces.
“With Maslow Capital at our side once again, 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.”
One Port Street will have a grand lobby, reminiscent of a hotel, centred around a 360° firepit with concierge service. There will also be a 2,000 sq ft leisure suite featuring a private swimming pool and spa pool, a state-of-the-art gym and separate fitness studio. Residents can also enjoy a 7th floor rooftop terrace and resident lounge overlooking the city.
Significant planting at the development will also create over 22,000 sq ft of public green space, as well as promoting greener travel with EV charging points and cycle storage.
Matt Pigram, Senior Partner at Maslow Capital, said: “One Port Street is an excellent addition to Select Property’s impressive portfolio that sets new benchmarks in residential living.
“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.”