Manchester City Centre 138,000 sq ft

Private Residential Sector – Strategic Land Acquisition and Planning Application

The 0.5 acre land parcel situated in Manchester City Centre. The site was allocated as an industrial site with temporary car parking. The advisor identified a strategic land holding for re positioning. The advisor completed a range of feasibility, development and Investment appraisals along with preparing a comprehensive master plan and detailed planning application which was approved for a 12 and 25 storey building of 145 Apartments, Office, Retail and Car Parking by the local planning authority. The planning application consisted of over 138,000 Sq ft, the development had an estimated GDV of £45M.

The site was held under option and achieved a planning approval for 138,000 Sq ft increasing the Residual Land Value