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Northern Quarter mixed use development launches
Manchester, 02 October , 2014 – Nuovo Apartments, UK Land and Property's mixed-use scheme in Manchester's Northern Quarter, is due to launch on the 4th of October. The development will be marketed by the residential team at JLL and features 166 homes close to the city centre in addition to ground floor commercial office units. Of the 166, 40 will be offered as affordable housing and 126 will be sold privately with prices starting from £117,500. The scheme, which borders Ancoats and the Northern Quarter, was provided with £6m of funding by the Homes & Communities Agency (HCA), via a loan from the Get Britain Building programme.
Simon Parker, Managing Director of Uk Land & Property, said: "We are delighted to be launching this high quality development at a time when Manchester is enjoying a renewed period of growth and ambition in the residential sector".
Those who have registered interest in the scheme will be invited to preview appointments on the 2nd of October with other viewings arranged beyond the 4th. UK Land & Property is a developer specialising in large scale regeneration projects. As well as undertaking commercial and mixed-use schemes, the company has, in recent years focused on residential led opportunities. Louise Emmott, associate director – residential at JLL, said: "Nuovo will give the city a much needed injection of housing stock. We've had over 200 people register their interest and given the current shortage of homes on the market we expect these to be particularly popular with both owner occupiers and private investors looking to take advantage of the well-located, high-quality apartments." Deborah McLaughlin, HCA's executive director for the North West, said: "It is great to see that Nuovo has been completed, after many years of hard work. It's an extremely important scheme, and is a prime example of the positive outcomes that the HCA's funding and support can deliver. It is a superb addition to the City Fringe area, which is being transformed by the work of the Manchester Place partnership between the HCA and Manchester City Council."
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