Select Property has secured a £128.5m development finance deal with Maslow Capital to deliver its One Port Street residence in the heart of Manchester’s Northern Quarter.
One Port Street is the first residence under Select Property’s new flagship brand the Prestige Collection, which aims to “redefine city centre living” through its focus on luxury amenities and resident experience.
On completion in 2025, the development will provide 477 premium apartments, with amenities including a 2,000 sq ft leisure suite, state-of-the-art gym and fitness studio, a rooftop terrace and resident lounge and a lobby featuring a 360° firepit.
Adam Price, CEO of Select Property, said: “Significant appetite from investors and funders alike is testament to the strength of the opportunity promised by One Port Street, and to our team’s track record of developing and operating successful residences in Manchester.
“The residence will deliver the very best of city centre living, with luxury amenities and a stunning contemporary design throughout the apartments and communal spaces. With Maslow Capital at our side once again, One Port Street will bring forward a new neighbourhood that will connect the Northern Quarter with Ancoats – two of the UK’s most thriving places to live – and will deliver a lasting multi-million-pound boost to the city’s economy.”
Matt Pigram, senior partner at Maslow Capital, added: “One Port Street is an excellent addition to Select Property’s impressive portfolio that sets new benchmarks in residential living. This ambitious project reflects Maslow Capital’s unwavering commitment to the UK’s housing sector and to supporting large-scale projects that are critical in addressing the nation’s housing shortage.”
