Morgan Sindall Group PLC Forward funding secured for GBP185m New Victoria
July 27 2020 - 2:00AM
RNS Non-Regulatory
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Morgan Sindall Group PLC
27 July 2020
27 July 2020
Morgan Sindall Group plc
Forward funding secured for first phase of GBP185m New Victoria,
Manchester development
Morgan Sindall Group plc, the UK construction and regeneration
group, today announces that its Urban Regeneration division has
agreed deals to commence with the first phase of its GBP185m 'New
Victoria' scheme in Manchester city centre. New Victoria is being
delivered in partnership with Network Rail with support from
Manchester City Council and Homes England.
Adjacent to Manchester Victoria train station, the first phase
of the scheme is for 450,000 sq ft of residential development, with
construction expected to complete in 2023.
The New Victoria development will provide 520 new homes over
two, 20 and 25-storey buildings, including 178 one-bed, 286 two-bed
and 56 three-bed apartments on the site, which is being purchased
from Network Rail.
Proposals are also underway to bring forward the second phase of
the wider New Victoria scheme which will include a 150,000 sq ft
Grade A eight-storey office building.
John Morgan, Chief Executive of Morgan Sindall Group, said:
"We are pleased to have agreed our second major forward funded
deal in recent weeks, which further reinforces our regeneration
strategy.
"We look forward to working with our partners to deliver a
transformational scheme on an underutilised site in the heart of
Manchester's city centre".
Morgan Sindall Group plc Tel: 020 7307 9200
John Morgan, Chief Executive
Steve Crummett, Finance Director
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood
Rosie Driscoll
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END
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