Tri7 has bought a stalled residential development site in Manchester city centre out of administration from Vision Manchester for circa £16m.
The vacant site at 10-12 Whitworth Street West, which is a 10-minute walk from Manchester Piccadilly train station, has consent for a 35-storey tower comprising 327 private residential apartments.
Samuel Castle, partner at Tri7, said: “10-12 Whitworth Street West is in a prime location for new homes in the heart of Manchester city centre, and yet has remained vacant for years as a succession of developers and investors have been unable to make it viable.
“As an opportunistic investor with a bed-led strategy, and an asset manager adept at unlocking complex planning challenges, we’re looking forward to continuing to work closely with Manchester City Council and the community as a whole to transform this vacant site into new homes and a contributing part of Manchester’s economy.”
