Bruntwood and Select submit joint venture plans for over 500 riverside apartments

Monday, 29 February 2016

Bruntwood and Select Property Group (Select) have announced their second joint venture in Manchester after going into planning for two ‘Build-to-Rent’ buildings comprising of 506 residential apartments in a prime city centre location next to the Lowry Hotel on the banks of the River Irwell.   

The scheme, which will operate under Select’s Affinity Living brand, is located on New Bailey Street on the riverside footpath that links Spinningfields to Blackfriars Street. The site is a prime location for city centre professionals and sits adjacent to Bruntwood’s ‘Riverside’ development of commercial office and retail space.

The 33 storey building, Affinity Living Riverview, will house 318 apartments with the 16 storey building, Affinity Living Riverside, comprising of 188 apartments all designed for the millennial rental customer who chooses to live with friends and places great value on socialising. Affinity Living buildings encourage interaction between residents and the local community by featuring a range of indoor and outdoor spaces and facilities that can be used by all.

As well as large social lounge areas and private dining rooms, plans include further co-working spaces and a gym. Level 33 of the taller building will feature a roof garden, media room and private entertainment space with views over the city.

This project is the second joint venture between Bruntwood and Select, with their Circle Square scheme on the former BBC site already making great strides forward on Oxford Road.

Peter Crowther, Property Director at Bruntwood, said: “We’re delighted to be working with Select Property Group again on this exciting project. The addition of high-quality residential apartments to our established office and retail campus at Riverside will create a truly vibrant, 24/7 mixed-use community.”

Mark Stott, CEO of Select Property Group, commented: “With a shared vision for customer service excellence, we’re looking forward to working with Bruntwood once more to transform this fantastic riverside location into a residential community which redefines the standards for build-to-rent.”

Subject to planning, enabling works will commence on site in October 2016.

ENDS

  

About Bruntwood

Bruntwood is a family owned and run Property Investment, Development and Management Company that specialises in creating places for business success. With over 142 properties across four UK city regions, we specialise in providing office, retail and scientific space to companies across a broad range of sectors.

Over its 39-year history, the company has developed a proven business model based on an innovative approach to property development, combined with a single minded focus on the needs of the customer. Bruntwood develops, lets and manages all its own properties, allowing it to seamlessly control the whole experience to make sure it meets customer’s expectations at every stage.

Bruntwood strives to make a difference to place it operates in and each year Bruntwood and the Oglesby family shareholders donate a figure in excess of 10% of profits to cultural, community and environmental initiatives.

 

About Select Property Group

Select Property Group is a global developer, retailer and operator of market-leading property investment brands.

Select Property Group controls every aspect of the investment lifecycle.  We acquire the land, we develop the schemes, we sell the properties and then we manage the residences. This approach is revolutionary in the market and it gives us the ability to be totally accountable to our investor community.

The Group creates fully managed investment property brands that successfully align end user requirements with investor returns. Happy tenants equals healthy returns.

With a commitment to exceptional customer service, each Select Property Group brand achieves industry leading occupancy levels, resulting in high rental returns year on year.

Our brands always start with the end user.  With a clear understanding of their requirements we create innovative property brands that are unique and meet our residents’ exact needs. This approach guarantees occupancy levels and allows us to charge rental at a market premium.

Our brands always start with the end user.  With a clear understanding of their requirements we create innovative property brands that are unique and meet our residents’ exact needs. This approach guarantees occupancy levels and allows us to charge rental at a market premium.

 

 

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