Portfolio

The Castings, Manchester

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.
Chris Button, Head of Value Add REIM
Purchase Date
January 2020
Purchase Price
£6m
NIY
N/A
Fund
Fiera Real Estate Opportunity Fund V
Property Company
Packaged Living
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
ESG

Health and wellbeing

  • Generous dedicated social amenity for residents including 5,500 sq ft of external amenity and a 21st storey roof terrace

Community engagement

  • New public square and place-making delivered as part of the development

Resource use and efficiency

  • Reduced energy consumption through optimised glazing ratio, low u-value façade and mechanical vent heat recovery
  • Sustainable materials used throughout development

Renewable energy

  • Roof-mounted photovoltaic panels
Location
  • Heyrod Street, Manchester, M1 1WW

Related Case Study Media

February 10, 2021

Fiera Real Estate and Packaged Living achieve planning on BTR scheme and new public square, Piccadilly East, Manchester

Fiera Real Estate and Packaged Living are pleased to announce that plans have been approved for 352 build-to-rent (“BTR”) homes and a new public square in Piccadilly East, Manchester.  ‘The

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January 28, 2021

The Castings – New BTR development in Manchester

A new 352 home BTR development on Heyrod Street, Manchester being developed by Packaged Living and funded by Fiera Real Estate.

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January 15, 2021

Fiera Real Estate and Packaged Living acquire Cardiff site to develop a new £65m BTR scheme which will bring c.300 homes to the city

Fiera Real Estate (“FRE UK”) and Packaged Living are pleased to announce the purchase of Suffolk House in Cardiff. The 0.9 acre site comprising a two-storey former office building is

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