Fresh capital for new neighbourhood in Manchester


A multi-million-pound finance deal has secured construction of a new residential development in Manchester. 

Select Property
Credit: Select Property.

London financial institution, Maslow Capital, has provided £128.5 million to property investor and developer, Select Property, to bring forward its One Port Street development in the Northern Quarter.  

Renaker is the main contractor, and the structural and civil engineering firm is WSP.

SimpsonHaugh are appointed to principle design and architecture.

The development will bring 477 apartments to the area on completion in 2025.  

Other features include a 2,000 sq ft swimming pool, a gym and fitness studio, a seventh-floor club lounge and a grand lobby. 

More than 22,000 sq ft of public green space will also be created.  

At least 59 jobs will be created, and an estimated £29 million will be returned to the local economy, said Select. 

The deal marks the second time Maslow has backed Select, previously funding the development of CitySuites II, a Iuxury apartment-hotel.  

The financial institution has a track record of funding large-scale construction developments. 

Groundwork on the One Port Street development are nearing completion. 

“With Maslow Capital at our side once again, One Port Street will bring forward a new neighbourhood that will connect the Northern Quarter with Ancoats – two of the UK’s most thriving places to live – and will deliver a lasting multi-million-pound boost to the city’s economy,” said Adam Price, CEO of Select Property. 

Matt Pigram, senior partner at Maslow Capital, added: “This ambitious project reflects Maslow Capital’s unwavering commitment to the UK’s housing sector and to supporting large-scale projects that are critical in addressing the nation’s housing shortage.” 

Select was asked to disclose its development team.

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