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23 July 2002
This scheme further enhances our growing presence in Manchester and the North West, continues our programme of limited risk projects, and illustrates once more our skills and expertise in mixed-use urban regeneration.
Countryside Properties PLC, the developer of sustainable mixed-use and mixed-tenure communities, announces that it has received planning permission for a substantial mixed-use scheme at Booth Street in the heart of Manchester City Centre, which will be developed in a joint venture with Citigroup Alternative Investments.
The 1.5 acre (0.6 hectare) brownfield site fronts onto the River Irwell and is very close to Rocco Forte's five star Lowry Hotel and the new Trinity Bridge. The development, known as 'The Edge' will comprise four buildings housing 275 apartments and penthouses up to 20 storeys, 7,449 sq ft of retail space, 18,658 sq ft of office accommodation and 299 secure underground car parking spaces. Recent research has identified a lack of, and demand for, high specification residential accommodation in Manchester; the apartments will benefit from bespoke, intelligent IT solutions by Hewlett Packard, as well as a 24 hour concierge service and extensive amenities.
Construction, to be undertaken by Carillion under a fixed price contract, will start in Autumn 2002, with completion expected by 2005. Completed development value is projected to be in excess of £75 million.
Graham Cherry, Chief Executive, Countryside Properties, commented:
"The Edge will be one of the highest specification mixed-use schemes to be undertaken in Manchester in recent years and is being developed in response to a shortage and consequent strong demand for such developments in the region. This scheme further enhances our growing presence in Manchester and the North West, continues our programme of limited risk projects, and illustrates once more our skills and expertise in mixed-use urban regeneration."
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Information correct as at 23/07/2002