Services Civil and structural engineering
Client Patrizia / ASK Real Estate
Imagery © CallisonRTKL
+44 (0)161 244 5660
Patrizia has secured a planning application for a £90m residential scheme on First Street site in Manchester, marking the company’s maiden investment in the UK Private Rental Sector (‘PRS’).
The development will form the foundation of Patrizia’s plans for a dedicated PRS fund, building on the company’s significant European track record in the sector which already includes the management of 80,000 apartments worth €7bn.
First Street represents a unique regeneration opportunity within the city centre of Manchester. Plot 8 PRS will consist of circa 624 apartments private rented sector (PRS) residential units rising to 26 storeys, with ground floor commercial units surrounded by 3,300 sq m (35,000 sq ft) of landscaped public realm.
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