#Affordable Car Servicing Oldham

[ontrackprivatehire]

Looking for hassle-free Oldham taxi hire? ONTrack offers flexible and affordable taxi rental solutions tailored for private hire drivers in Oldham. Our licensed vehicles are fully maintained, ensuring you’re always ready to hit the road. Choose ONTrack for competitive rates, no hidden fees, and seamless service across Oldham and Greater Manchester. Start driving with confidence today!

[trendingtopicsworld]

Taxi Hire in Manchester – Your Ultimate Transport Solution

When it comes to reliable and hassle-free transport in Manchester, taxi hire in Manchester is the go-to solution. Whether you're heading to a business meeting, catching a flight, or simply need a ride around the city, hiring a taxi offers unmatched convenience and flexibility. But what makes taxi hire in Manchester stand out, and why should you choose it for your travel needs?

Convenience at Your Doorstep One of the most significant benefits of taxi hire in Manchester is the convenience it offers. With a simple call or online booking, a taxi can be at your doorstep, ready to take you to your destination. No need to worry about finding parking or navigating busy streets; you can simply sit back, relax, and enjoy the ride.

Professional and Experienced Drivers When you hire a taxi in Manchester, you can trust that your driver will be experienced and knowledgeable about the city. Manchester's taxi drivers know the quickest routes and can get you to your destination efficiently, avoiding traffic hotspots and delays. Whether you're new to the area or a long-time resident, you'll appreciate the comfort and reliability of a professional driver at the wheel.

Affordable and Flexible Options Taxi hire in Manchester offers a wide range of pricing options to suit your needs. Whether you're looking for a quick ride across town or need a taxi for a longer journey, you'll find competitive rates. Many services also offer flexible payment methods, including contactless payments and upfront pricing, so you can rest assured there are no surprises when the ride ends.

Available 24/7 for All Your Travel Needs Need a ride in the middle of the night? No problem! Taxi hire in Manchester is available 24/7, ensuring you never have to worry about finding transport at odd hours. Whether it's an early-morning airport transfer or a late-night ride home, you can always count on a taxi to be there when you need it.

Explore More with ONTrack

If you're looking for more flexibility and control over your taxi hire in Manchester, ONTrack offers a fantastic solution for drivers looking to rent a private hire vehicle (PHV). Instead of the hassle and expense of owning a taxi, ONTrack provides fully-maintained, licensed vehicles with flexible weekly rental options. Whether you're new to the industry or looking to expand your fleet, ONTrack is the ideal choice for your taxi hire in Manchester needs.

Locations We Serve At ONTrack, we offer taxi hire services across Manchester, and we also provide rental cars in various other locations, including:

Wolverhampton Taxi Hire

Stockport Taxi Hire

Oldham Taxi Hire

Trafford Taxi Hire

Knowsley Taxi Hire

Manchester Taxi hire

No matter where you're based or where you need to travel, ONTrack ensures you have access to a reliable and efficient transport solution.

For more information or to book your taxi hire in Manchester, get in touch with ONTrack today. Enjoy the freedom and convenience of flexible, hassle-free taxi rentals!

[ededison1980]

Plans revealed for £32m key worker housing scheme in Manchester as deal struck

A deal has been agreed for £32m of funding for a 144-apartment scheme in Manchester - with a third of units allocated to local keyworkers.

Real estate investor Cheyne Capital and North West developer Mulbury announced the forward funding deal for the project on Oldham Road in New Cross.

Once complete, 35% of homes at the 12-storey development will be for nurses, teachers and emergency service workers at discounted rents.

It will comprise one, two and three bedroom apartments and work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

"We are therefore committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high-quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

The site is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury said it hopes to start demolition and remediation work on the site in February 2021. It is expected that the building will be completed by summer 2023.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based YOUTH Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction.

Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor.

Martin Bury, co-founder and director at Mulbury, added: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

[erictheericworld]

Plans revealed for £32m key worker housing scheme in Manchester as deal struck

A deal has been agreed for £32m of funding for a 144-apartment scheme in Manchester - with a third of units allocated to local keyworkers.

Real estate investor Cheyne Capital and North West developer Mulbury announced the forward funding deal for the project on Oldham Road in New Cross.

Once complete, 35% of homes at the 12-storey development will be for nurses, teachers and emergency service workers at discounted rents.

It will comprise one, two and three bedroom apartments and work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

"We are therefore committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high-quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

The site is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury said it hopes to start demolition and remediation work on the site in February 2021. It is expected that the building will be completed by summer 2023.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based YOUTH Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction.

Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor.

Martin Bury, co-founder and director at Mulbury, added: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

[bennymackay2019]

Plans revealed for £32m key worker housing scheme in Manchester as deal struck

A deal has been agreed for £32m of funding for a 144-apartment scheme in Manchester - with a third of units allocated to local keyworkers.

Real estate investor Cheyne Capital and North West developer Mulbury announced the forward funding deal for the project on Oldham Road in New Cross.

Once complete, 35% of homes at the 12-storey development will be for nurses, teachers and emergency service workers at discounted rents.

It will comprise one, two and three bedroom apartments and work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

"We are therefore committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high-quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

The site is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury said it hopes to start demolition and remediation work on the site in February 2021. It is expected that the building will be completed by summer 2023.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based YOUTH Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction.

Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor.

Martin Bury, co-founder and director at Mulbury, added: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

[marlonstafford2019]

Plans revealed for £32m key worker housing scheme in Manchester as deal struck

A deal has been agreed for £32m of funding for a 144-apartment scheme in Manchester - with a third of units allocated to local keyworkers.

Real estate investor Cheyne Capital and North West developer Mulbury announced the forward funding deal for the project on Oldham Road in New Cross.

Once complete, 35% of homes at the 12-storey development will be for nurses, teachers and emergency service workers at discounted rents.

It will comprise one, two and three bedroom apartments and work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

"We are therefore committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high-quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

The site is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury said it hopes to start demolition and remediation work on the site in February 2021. It is expected that the building will be completed by summer 2023.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based YOUTH Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction.

Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor.

Martin Bury, co-founder and director at Mulbury, added: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

[ontrackprivatehire]

Looking for a trusted Oldham private hire car company? ONTrack offers flexible and affordable private hire vehicles with a high-quality fleet. Whether you need a car for a short trip or long-term hire, our reliable service ensures a comfortable and convenient ride in Oldham. Book today for a hassle-free private hire experience!

[ededison1980]

Deal to fund £32m scheme for keyworker apartments

Impact real estate investor Cheyne Capital and North West housing developer Mulbury have announced a £32m forward funding deal to build 144 apartments in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne’s second Impact Real Estate Fund and includes a social covenant to ensure that more than a third (35%) of the homes will be allocated to local keyworkers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one-, two- and three-bedroom apartments and will also comprise work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

“We are, therefore, committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

Martin Bury, co-founder and director at Mulbury, said: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

The 0.13-hectare development site sits within the New Cross Neighbourhood Development Framework, a key gateway into Manchester city centre from the North. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury hopes to start demolition and remediation work on the site in February. It is expected that the building will be completed by Summer 2023.

Mulbury has also gained planning consent for two further residential-led developments in New Cross – one in Goulden Street and the other in Bendix Street.

The Oldham Road development marks the latest investment from Cheyne’s second impact fund. The previous investment was in housing for adults with a learning disability.

Diversification by tenant type, counterparty and location is a key element of Cheyne’s strategy. Investments in the first impact fund were a mix of acquired and developed assets for use as affordable, keyworker and temporary housing and accommodation for social care by local authorities, housing associations and charities.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based Youth Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction. Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor. Other members of the project team include Scott Hughes Design as structural and civil engineer, RLB as cost consultant, Futureserv as M&E consultant, Gray Scanlan Hill as right to light advisor, Layer as landscape consultant, dBx Acoustics as acoustics advisor, SK Transport as transport consultant, BB7 as fire engineer, and Rawlings as principal designer.

[erictheericworld]

Deal to fund £32m scheme for keyworker apartments

Impact real estate investor Cheyne Capital and North West housing developer Mulbury have announced a £32m forward funding deal to build 144 apartments in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne’s second Impact Real Estate Fund and includes a social covenant to ensure that more than a third (35%) of the homes will be allocated to local keyworkers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one-, two- and three-bedroom apartments and will also comprise work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

“We are, therefore, committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

Martin Bury, co-founder and director at Mulbury, said: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

The 0.13-hectare development site sits within the New Cross Neighbourhood Development Framework, a key gateway into Manchester city centre from the North. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury hopes to start demolition and remediation work on the site in February. It is expected that the building will be completed by Summer 2023.

Mulbury has also gained planning consent for two further residential-led developments in New Cross – one in Goulden Street and the other in Bendix Street.

The Oldham Road development marks the latest investment from Cheyne’s second impact fund. The previous investment was in housing for adults with a learning disability.

Diversification by tenant type, counterparty and location is a key element of Cheyne’s strategy. Investments in the first impact fund were a mix of acquired and developed assets for use as affordable, keyworker and temporary housing and accommodation for social care by local authorities, housing associations and charities.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based Youth Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction. Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor. Other members of the project team include Scott Hughes Design as structural and civil engineer, RLB as cost consultant, Futureserv as M&E consultant, Gray Scanlan Hill as right to light advisor, Layer as landscape consultant, dBx Acoustics as acoustics advisor, SK Transport as transport consultant, BB7 as fire engineer, and Rawlings as principal designer.

[bennymackay2019]

Deal to fund £32m scheme for keyworker apartments

Impact real estate investor Cheyne Capital and North West housing developer Mulbury have announced a £32m forward funding deal to build 144 apartments in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne’s second Impact Real Estate Fund and includes a social covenant to ensure that more than a third (35%) of the homes will be allocated to local keyworkers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one-, two- and three-bedroom apartments and will also comprise work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

“We are, therefore, committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

Martin Bury, co-founder and director at Mulbury, said: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

The 0.13-hectare development site sits within the New Cross Neighbourhood Development Framework, a key gateway into Manchester city centre from the North. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury hopes to start demolition and remediation work on the site in February. It is expected that the building will be completed by Summer 2023.

Mulbury has also gained planning consent for two further residential-led developments in New Cross – one in Goulden Street and the other in Bendix Street.

The Oldham Road development marks the latest investment from Cheyne’s second impact fund. The previous investment was in housing for adults with a learning disability.

Diversification by tenant type, counterparty and location is a key element of Cheyne’s strategy. Investments in the first impact fund were a mix of acquired and developed assets for use as affordable, keyworker and temporary housing and accommodation for social care by local authorities, housing associations and charities.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based Youth Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction. Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor. Other members of the project team include Scott Hughes Design as structural and civil engineer, RLB as cost consultant, Futureserv as M&E consultant, Gray Scanlan Hill as right to light advisor, Layer as landscape consultant, dBx Acoustics as acoustics advisor, SK Transport as transport consultant, BB7 as fire engineer, and Rawlings as principal designer.

[marlonstafford2019]

Deal to fund £32m scheme for keyworker apartments

Impact real estate investor Cheyne Capital and North West housing developer Mulbury have announced a £32m forward funding deal to build 144 apartments in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne’s second Impact Real Estate Fund and includes a social covenant to ensure that more than a third (35%) of the homes will be allocated to local keyworkers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one-, two- and three-bedroom apartments and will also comprise work, entertainment and relaxation spaces, ground floor retail facilities, and a 3,000 sq ft roof terrace providing outside space for residents.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that keyworkers get priced out of the central housing market and forced to either downsize or move to less accessible areas.

“We are, therefore, committed to delivering high quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.

“Mulbury has an excellent track record of delivering high quality housing in Manchester and we look forward to working together to help address the UK’s severe shortage of inclusive, affordable housing.”

Martin Bury, co-founder and director at Mulbury, said: “Cheyne’s social impact values are aligned with our own vision for providing choice and affordability in the Manchester housing market.

“We’re delighted to have secured the forward funding to make this development a reality. The standard of the design and the quality of the accommodation on offer will provide an iconic new building and support the ongoing renewal of residential accommodation within New Cross.”

The 0.13-hectare development site sits within the New Cross Neighbourhood Development Framework, a key gateway into Manchester city centre from the North. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface level car park.

Mulbury hopes to start demolition and remediation work on the site in February. It is expected that the building will be completed by Summer 2023.

Mulbury has also gained planning consent for two further residential-led developments in New Cross – one in Goulden Street and the other in Bendix Street.

The Oldham Road development marks the latest investment from Cheyne’s second impact fund. The previous investment was in housing for adults with a learning disability.

Diversification by tenant type, counterparty and location is a key element of Cheyne’s strategy. Investments in the first impact fund were a mix of acquired and developed assets for use as affordable, keyworker and temporary housing and accommodation for social care by local authorities, housing associations and charities.

The building has been designed by Manchester-based Tim Groom Architects and Mulbury has also appointed locally-based Youth Studio as interior designer for the project.

Deloitte Real Estate acted as planning consultant and CBRE advised Mulbury on the transaction. Beyond Corporate provided legal advice to Mulbury on the funding with Cheyne Capital, while Primas Law acted as legal advisor on the site acquisition and assembly.

GMI Construction has been appointed as main contractor. Other members of the project team include Scott Hughes Design as structural and civil engineer, RLB as cost consultant, Futureserv as M&E consultant, Gray Scanlan Hill as right to light advisor, Layer as landscape consultant, dBx Acoustics as acoustics advisor, SK Transport as transport consultant, BB7 as fire engineer, and Rawlings as principal designer.

[ededison1980]

Cheyne Capital pumps £32m into Manchester housing

Cheyne Capital and North West housing developer Mulbury have agreed a £32m forward funding deal for 144 flats in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne fund’s second Impact Real Estate Fund and includes a social covenant to ensure that 35% of the homes will be allocated to local key workers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one, two and three-bedroom flats and will also comprise work, entertainment and relaxation spaces, ground-floor retail facilities, and a 3,000 sq ft roof terrace.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that key workers get priced out of the central housing market and forced to either downsize or move to less accessible areas. We are therefore committed to delivering high-quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.”

The 0.3-acre development site sits within the New Cross Neighbourhood Development Framework, a gateway into Manchester City Centre from the north. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface-level car park.

Mulbury hopes to start demolition and remediation work on the site in February, with completion scheduled for summer 2023.

CBRE advised Mulbury.

[erictheericworld]

Cheyne Capital pumps £32m into Manchester housing

Cheyne Capital and North West housing developer Mulbury have agreed a £32m forward funding deal for 144 flats in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne fund’s second Impact Real Estate Fund and includes a social covenant to ensure that 35% of the homes will be allocated to local key workers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one, two and three-bedroom flats and will also comprise work, entertainment and relaxation spaces, ground-floor retail facilities, and a 3,000 sq ft roof terrace.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that key workers get priced out of the central housing market and forced to either downsize or move to less accessible areas. We are therefore committed to delivering high-quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.”

The 0.3-acre development site sits within the New Cross Neighbourhood Development Framework, a gateway into Manchester City Centre from the north. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface-level car park.

Mulbury hopes to start demolition and remediation work on the site in February, with completion scheduled for summer 2023.

CBRE advised Mulbury.

[bennymackay2019]

Cheyne Capital pumps £32m into Manchester housing

Cheyne Capital and North West housing developer Mulbury have agreed a £32m forward funding deal for 144 flats in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne fund’s second Impact Real Estate Fund and includes a social covenant to ensure that 35% of the homes will be allocated to local key workers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one, two and three-bedroom flats and will also comprise work, entertainment and relaxation spaces, ground-floor retail facilities, and a 3,000 sq ft roof terrace.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that key workers get priced out of the central housing market and forced to either downsize or move to less accessible areas. We are therefore committed to delivering high-quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.”

The 0.3-acre development site sits within the New Cross Neighbourhood Development Framework, a gateway into Manchester City Centre from the north. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface-level car park.

Mulbury hopes to start demolition and remediation work on the site in February, with completion scheduled for summer 2023.

CBRE advised Mulbury.

[marlonstafford2019]

Cheyne Capital pumps £32m into Manchester housing

Cheyne Capital and North West housing developer Mulbury have agreed a £32m forward funding deal for 144 flats in Manchester’s New Cross neighbourhood.

The investment comes from Cheyne fund’s second Impact Real Estate Fund and includes a social covenant to ensure that 35% of the homes will be allocated to local key workers, such as nurses, teachers and emergency services workers, at discounted rents.

The 12-storey development, to be built on Oldham Road, will include one, two and three-bedroom flats and will also comprise work, entertainment and relaxation spaces, ground-floor retail facilities, and a 3,000 sq ft roof terrace.

Stuart Fiertz, Cheyne Capital’s co-founder and head of responsible investment, said: “As cities expand, it is too often the case that key workers get priced out of the central housing market and forced to either downsize or move to less accessible areas. We are therefore committed to delivering high-quality homes in desirable locations – and to ensuring that they remain affordable now and into the future.”

The 0.3-acre development site sits within the New Cross Neighbourhood Development Framework, a gateway into Manchester City Centre from the north. It is bounded by Oldham Road, Addington Street, Marshall Street and Chadderton Street, and is currently occupied by outdated industrial buildings and a small surface-level car park.

Mulbury hopes to start demolition and remediation work on the site in February, with completion scheduled for summer 2023.

CBRE advised Mulbury.