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News » Over £20m » Balfour makes start on Lancastrian flats » published 10 Apr 2018

Balfour makes start on Lancastrian flats

Balfour Beatty has started construction on £65m build-to-rent development in Manchester.

CGI of The Lancastrian Above: CGI of The Lancastrian

Start of site work for The Lancastrian, in the New Cross area of Manchester city centre, comes as Balfour Beatty Investments and AIG Global Real Estate reach financial close on the investment deal.

The Lancastrian will have 274 apartments of varying size for private rent. They are spread across two buildings around a landscaped courtyard. Residents expected to move in from the summer of 2020

Balfour Beatty Investments acquired the site in January 2016 and subsequently secured full planning permission. Financial close of the deal involved the transfer of the land ownership to AIG. 

 

 

 

MPU

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This article was published on 10 Apr 2018 (last updated on 10 Apr 2018).

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