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.
- 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
- Purpose-designed BTR development delivering 352 rental homes with a mix of studio, 1, 2 and 3 beds, due to complete in Q2 2024
- The scheme has a GDV of over £73m and was forward-sold to CDL Hospitality Trusts in September 2021
- 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
September 01, 2021
Fiera Real Estate and Packaged Living secure forward funding agreement with CDL Hospitality Trusts for 352-Unit BTR scheme in Manchester with a GDV of over £73m
Fiera Real Estate (“FRE UK”) and Packaged Living are pleased to announce the forward funding of the 25 storey, 352-unit build-to-rent (“BTR”) scheme on Heyrod Street, Piccadilly East in Manchester
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
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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