237-unit build to rent scheme planned in Manchester

A Victoria North build-to-rent scheme in Manchester costing £13 million is being constructed after a McGoff Group and equity investor Housing Growth Partnership joined forces.

The development is situated on a former gasworks on Rochdale Road and represents a key element of the wider Victoria North regeneration programme. Construction work has now started and is scheduled to complete in late 2025.

The development of one, two and three-bedroom apartments and townhouses is situated a 10-minute walk from the centre of Manchester.

John McKeon, investment director for HGP, said: “Our investment with McGoff highlights the role that equity funding plays in getting housing projects off the ground across the UK during a high interest rate environment.

“Downtown Victoria North promises to be an excellent scheme that will provide tenants with a high-quality place to live within walking distance from the city centre.

“McGoff have a great track record in the delivery and operation of schemes of this nature across the North West and we look forward to partnering with them on this and other developments.”

The completed site will feature extensive landscaping, including a communal garden courtyard with seating areas, pocket square and private gardens. It will also offer a reception with a seating area and business centre, a 24/7 concierge service, a residents’ lounge, fully equipped gym, underground car parking and bicycle storage.

McGoff Group will undertake all aspects of the delivery of the scheme with McGoff Construction acting as main contractor and McGoff’s sister company, Downtown Asset Management, operating the completed development.

This project represents McGoff’s second Manchester city centre development following completion of its 374-unit ‘Downtown’ development on the banks of the river Irwell in Salford in 2020.

Chris McGoff, director at the McGoff Group, said: “We are confident this BTR scheme will prove popular with the discerning Manchester rental market.”