Broad Street Real Estate has secured funding from Firma Partners and Precede Capital to support the acquisition and development of Barclay House in Manchester city centre.
The £30m project will see a former office building on Whitworth Street converted into 94 residential units within a repurposed neo-Renaissance building. The onsite amenity provision will include a gym, spin studio, cinema, club lounge, co-working space and private dining room.
Victor Librae, CEO of Firma Partners, said: “We are proud to support Broad Street Real Estate on this distinctive, thoughtfully designed residential-led scheme. Barclay House reflects the kind of quality, character and placemaking that we look for in a project and we’re pleased to work alongside Precede Capital to help bring it forward.”
Randeesh Sandhu, CEO of Precede Capital, added: “We are delighted to support Broad Street Real Estate on this well-located and thoughtfully designed scheme. Barclay House aligns with our strategy of backing experienced sponsors delivering high-quality, amenity-rich rental housing in key UK cities.”
