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BDC 319 : Aug 2024

mcr property group

MANCHESTER’S £400MILLION ‘GASWORKS NEW TOWN’ SCHEME GETS GREEN LIGHT FOR 1,200 HOMES

The Gasworks New Town neighbourhood is one of seven envisioned by the £4bn Victoria North masterplan It will feature nine buildings ranging from 8 to 34 storeys  The 6.6-acre site has most recently been home to a car park but the green development will overwhelmingly prioritise walking and cycling over driving It will result in tens of millions of pounds being pumped into the city’s economy over the lifetime of the development Plans for a trailblazing £400million city centre regeneration scheme that will create more than 1,200 homes has been approved by Manchester City Council’s planning committee. MCR Property Group’s bold Gasworks New Town project will create 1,202 homes on the site of the former Rochdale Road Gas Works at the heart of Manchester, with a mixture of attractive townhouses and apartments. For years the 6.6-acre site has been home to a car park that added little to the public realm but that will all change over the next few years with the first residents expected to move in by the end of 2023. Not only will the huge project drastically improve the supply of housing, this flagship development will create a new centre of gravity for central Manchester that will create thousands of jobs and inject tens of millions of pounds into the city’s economy.  MCR bought the site in 2015 with big plans to use it as the launchpad to rejuvenate the immediate area with a mixed-use destination development. The team, working with local stakeholders and the planning department, went through dozens of iterations to get the balance of housing provision, design and environmental amenities in perfect balance. It received approval by Manchester City Council’s Planning Committee yesterday (Thurs).  The project — which will have a Gross Development Value (GDV) of approximately £400m at current prices — will include 192 sqm of commercial space and its accommodation will be provided by nine separate buildings ranging from 8 to 34 storeys in height. The scheme will be built in four phases with construction set to begin this summer, while the tallest residential tower is expected to be completed by the end of 2030. Architects, AHR, included 1,224 cycle spaces as part of a determined effort to encourage more people to walk and cycle, and help reduce the amount of traffic on local roads. Where there is underground parking, bays will have electric charging points for the next generation of environmentally friendly vehicles.  Plans include a public park between Gould Street and Bromley Street as well as a pedestrian route and cycle path running east-to-west through the site. It is the most carbon-efficient development of its kind that Manchester has ever seen and will save 300 tonnes of carbon a year, exceeding the council’s target for new developments by 30%.  The Gasworks New Town neighbourhood is one of seven envisioned by the £4bn Victoria North masterplan, formerly known as the Northern Gateway Strategic Regeneration Framework. This masterplan will see the entire area north of the city centre transformed over the next 20 years by the delivery of 15,000 new homes across 383 acres. The Gasworks itself will act as a key anchor for this vision, being one of the first major developments to get planning permission and sitting so close to the city centre. It is a short walk away from The Northern Quarter, Ancoats and NOMA while Manchester Victoria Train Station is only minutes away. A total of 85 affordable homes will be available through Shared Ownership — amongst the most provided by any city centre redevelopment site — and this number may increase during the fourth phase of the scheme.  MCR’s team of specialist consultants on the project included planning consultancy WSP,  civil engineers BDP, architects AHR, landscape architects Planit-IE and highways consultancy Curtins. MCR also worked closely with international developer, Far East Consortium (FEC), which is jointly funding and developing the Victoria North masterplan alongside Manchester City Council. Founded in Manchester in 1989, MCR Property Group has a national focus and has developed more than £5bn of residential, commercial and industrial property. Nick Lake, Asset Manager for MCR Property Group, said:  “This is the jewel in the crown for MCR. We’re a Manchester-based business and this is an incredibly proud moment for the company.  “We all felt a responsibility to create something spectacular on home turf and there is no doubt that the Gasworks will provide an aspirational and inspirational place to live and work. “We’re particularly proud of the project’s environmental credentials, claiming the crown for being the most carbon-efficient development of its type that Manchester has ever seen. This really is a scheme fit for the coming century, with electric charging points on every parking space and more than 1,000 cycle spaces making this one of the most bike and pedestrian friendly residential developments in the country.” Sir Richard Leese, Leader of Manchester City Council, added: “As one of the emerging neighbourhoods of Victoria North, New Town is aptly named. The Gasworks development will breathe life into a largely forgotten corner of the city centre fringe, bringing purpose and an energy to an area that is currently characterised by surface car parks.   “Residential investment at this scale should be celebrated and will contribute significantly to meeting demand for high quality homes in this part of the city. And once again, developments such as this show a real confidence in Manchester as an attractive place to invest and do business – the importance of which cannot be underestimated as we look to economic recovery following the pandemic.”  Matthew Hard, Associate Director at planning consultancy WSP, commented:  “We’re delighted to reach the important milestone of having Manchester’s planning committee endorse the proposed redevelopment of the historic gasworks. Gasworks New Town will be a fantastic development in its own right, and act as a catalyst for further regeneration of the post-industrial Irk Valley.  “With its carbon credentials, its green infrastructure and focus on walking and cycling, I’m confident that the neighbourhood will become a future exemplar of

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MCR PROPERTY GROUP WINS APPROVAL FOR £80M RESIDENTIAL SCHEME IN LONDON COMMUTER HOTSPOT BEDFORD

MCR Property Grouphas secured planning approval for an £80million development featuring nearly 350 homes in the London commuter hotspot of Bedford.  The project will be built on a 4.5-acre brownfield site in the town’s Kempston area and comprises 341 apartments and townhouses of varying sizes.  The scheme includes 150 one-bed, 155 two-bed and eight three-bed apartments, as well as 24 three-bed and four two-bed townhouses.  The development is expected to benefit from the growing home-working revolution sparked by the pandemic, which is driving increased interest in more affordable properties located outside the M25, but still within easy commuting distance of central London.  The site in Dallas Road is just half a mile south-west of Bedford town centre and a 4-minute drive from Bedford train station. From here, commuters can travel into St Pancras International in as little as 47 minutes and London Blackfriars in under an hour.  Residents will have extensive greenbelt countryside on their doorstep, and be able to take advantage of the nearby M1 motorway and A1. Luton Airport is a short 30-minute drive away.  The development, designed by Salford-based architect Leach Rhodes Walker, will include 16 affordable homes available under Shared Ownership. A construction partner is yet to be appointed for the development phase but the entire project is anticipated to complete by the end of 2024. Founded in 1989, MCR Property Group has developed more than £4bn of residential, commercial and industrial property. Vanessa Bartulovic, Planning Director (South) at MCR Property Group, said:  “This will be a substantial development that improves housing stock in an extremely popular commuter location, which in past years has been voted London’s top commuter town.  “We’ve designed these homes to be very attractive from an affordability perspective and this will put the scheme in pole position to benefit from growing interest in better value homes outside the capital, offering a taste of the countryside as well as easy access to London.  “Repeated lockdowns have prompted widespread adoption of home working and this shift is not going to be completely diminished once the pandemic subsides. Workers are embracing a new relationship with offices, and it is areas such as Bedford that are going to provide families and young professionals with the flexibility they desire. Residents will be able to escape to the country and equally feel that their central London office is within close reach.”  

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