Forshaw Land & Property Group has secured a £64.2m development finance facility from Maslow Capital to fund the delivery of a mixed-use scheme in Cornbrook, Manchester.
The Vivere Residences will feature 237 one-and two-bedroom residential units and five penthouses, in addition to a 88-key Vivere aparthotel and retail space.
The on-site amenity provision will include a 24-hour concierge, a gym, co-working lounge, meeting rooms, a private dining room and a cinema.
The finance facility is the third provided by Maslow Capital to Forshaw Land & Property Group.
Lyndon Forshaw, managing director at Forshaw Land & Property Group, said: “Our previous projects with Maslow Capital, including Halo Apartments and Pavilion Wharf, have been resounding successes, and this new collaboration further solidifies our partnership. Maslow’s deep understanding of the development process and their ability to align with our vision make them a natural fit for our projects.
“Their expertise gives us the confidence to deliver ambitious schemes like the Vivere Residences, which we are proud to see contributing to Manchester’s ongoing growth and urban transformation.”
Sky Mapson, senior director of origination at Maslow Capital, added: “Our continued partnership with Forshaw Land & Property Group reflects the trust and synergy we have developed through multiple successful projects. Each facility we have provided has scaled in ambition alongside Forshaw’s growth, and we are proud to be a trusted partner in their journey.”
Rachael Gordon, head of deal origination at Maslow Capital, said: “Manchester’s ongoing transformation is thanks in large part to innovative developers like Forshaw Land & Property Group, who continually elevate the standards we expect in modern residential projects.
“With demand for housing in the city outstripping supply, developments like Vivere Residences are essential in addressing this shortfall and supporting Manchester’s growth. We are proud to continue shaping the city’s future by financing another exceptional mixed-use development.”
