A government-backed housing partnership has launched its first project in Manchester, signalling the start of a major effort to boost housebuilding nationwide.
The Impact&Places Partnership – a joint venture between Homes England, Swiss Life Asset Managers and Capital&Centric, has acquired the Ferrous development in Manchester.
Situated on Chapletown Street, the scheme will form part of a wider investment targeting areas with high housing demand over the next ten years.
Plans for the site include 107 rental apartments, a rooftop terrace and shared resident facilities.
Two small public green spaces and a venue for community events, known as The Cabin, are also included in the proposal.
The development is the final phase of the wider regeneration of Piccadilly East, a project that first started between 2017-2018.
Construction is expected to begin by the end of the year, with the first homes scheduled for completion between mid and late 2028.
The partnership is supported by the National Housing Bank, a new initiative run by Homes England to channel long-term public and private investment into housing and regeneration.
Simon Century, chief executive officer of the National Housing Bank, said: ‘Collaboration between different organisations is essential to creating the new homes and thriving places that people want and need.
‘We realise the greatest positive impact for communities is only achieved by working alongside partners, including Swiss Life Asset Managers and Capital&Centric, who share our mission to increase the supply of quality rental homes and drive regeneration.’
John Moffat, joint managing director at Capital&Centric, added: ‘This is a landmark moment for us to be putting our plans into action and getting on with delivering high-quality homes in places that need them most. By bringing together public and private investment, we are unlocking underused brownfield land and turning it into thriving, sustainable neighbourhoods with long-term social impact. This is only the beginning, with further projects set to be unveiled later this year.’
Image: Openverse
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