The Asset at a Glance
This scheme will play a major role in the Manchester Piccadilly Strategic Regeneration Framework and bring much needed rental housing to the city. Fiera Real Estate is actively seeking similar sites in major urban locations.
- Investment Theme
- Residential (for sale or rent)
- Purchase Date
- January 2020
- Purchase Price
- £6m
- NIY
- N/A
- Fund
- Fiera Real Estate Opportunity Fund V
- Features
- • Former printing works on a 0.7 acre site in Manchester Piccadilly Regeneration area • Corporate acquisition from owner occupier • Planning sought for a purpose-designed BTR scheme delivering c.350 rental homes with a mix of studio, 1, 2 and 3 beds • Scheme to be sold by way of a forward funding to a BTR investor
- Purchase Rationale
- • Off market acquisition from owner occupier • Site allocated through the strategic regeneration framework • Lack of multi-family rental housing in the area • Within short walking distance from Manchester Piccadilly station and the city centre
- Location
-
- Heyrod Street, Manchester, M1 1WW
