Canal-side Burlington House scheme comprises 91 luxury waterfront apartments within the much-acclaimed Piccadilly Basin development in Manchester. GMI Construction Group, has confirmed the completion and handover of 91 luxury waterfront apartments delivered on time and on budget for Leeds based property investor and car park operator, Town Centre Securities PLC
The Preferred Bidder to develop 11,500 homes at Thamesmead Waterfront in London is Lendlease. The firm was selected by housing charity Peabody and it is subject to contracts being finalised. Lendlease will work alongside Peabody in a corporate joint venture to masterplan and deliver the mammoth scheme over the next
Canal-side Burlington House scheme comprises 91 luxury waterfront apartments within the much-acclaimed Piccadilly Basin development in Manchester. GMI Construction Group, has confirmed the completion and handover of 91 luxury waterfront apartments delivered on time and on budget for Leeds based property investor and car park operator, Town Centre Securities PLC (TCS). The canal-side Burlington House scheme, which was delivered in partnership with Highgrove Group, represents the first Private Rental Scheme (PRS) development to be undertaken by TCS and has been designed by internationally acclaimed Architects SimpsonHaugh. The development comprises 91 apartments of 1, 2 and 3 bedrooms set over 11 floors, and boasts a flamboyant design sitting within the 13-acre award- winning Piccadilly Basin development in Manchester City Centre. Piccadilly Basin is one of TCS’s most significant development opportunities with a mix of residential, commercial and car parking with a total estimated GDV of over £300m. The delivery of Burlington House forms part of the wider regeneration aspirations for the strategic site, which include the redevelopment of existing and recently acquired office buildings and the next residential development, Eider House, which will be the second PRS scheme for TCS. Speaking about the project GMI Divisional Managing Director Marc Banks said: “The Burlington House development is the second major, high profile project that GMI has been trusted to deliver within the Piccadilly Basin regeneration project. We are proud to play such a key role in that renaissance and especially so when it is for one of GMI’s longest standing and most important customers – Town Centre Securities.” Edward Ziff, Chairman and Chief Executive of TCS, commented; “To be delivering our first ever PRS scheme represents an exciting time for TCS. Piccadilly Basin is a unique regeneration scheme with far-reaching development opportunities and is the natural home for a luxury apartment development of this nature. We will diversify our portfolio in response to market demand where we recognise opportunities and are anticipating strong interest in this new venture”. The project team on Burlington House alongside GMI included SimpsonHaugh, Civic Engineers, Max Fordham, Scott Ripley Associates and RLB. For further information visit http://burlingtonmcr.co.uk/
The Preferred Bidder to develop 11,500 homes at Thamesmead Waterfront in London is Lendlease. The firm was selected by housing charity Peabody and it is subject to contracts being finalised. Lendlease will work alongside Peabody in a corporate joint venture to masterplan and deliver the mammoth scheme over the next 30 years. The details of the new Joint Venture (JV) vehicle will be finalised by Summer 2019. “As one of London’s largest areas of opportunity to develop new housing and to support business and employment growth, Thamesmead can offer a fresh approach to living in London. Surrounded by water and outstanding wildlife, but within reach of the heart of the capital, we are excited at the opportunity to collaborate with Peabody, the local community and businesses, to bring new high-quality homes and workspaces to this exciting part of south-east London,” commented Dan Labbad, CEO at Lendlease, Europe. The 250-acre site is currently undeveloped and underpopulated, benefiting from 2.5 km of undeveloped river frontage, with an abundance of green space, open grassed and wooded areas, canals, two major lakes and an existing town centre. To transform the area, the scheme includes a new waterfront district of 11,500 new homes, focused around a proposed new DLR station in the heart of the development. Mayor of London, Sadiq Khan instructed TfL in 2017 to carry out detailed work on a DLR crossing connecting east and south-east London. “We are pleased to have selected Lendlease as a development partner for Thamesmead Waterfront. Our shared vision is to create thousands of new homes by the Thames and drive the local economy through new jobs and commercial spaces. With a new DLR river connection complementing the Elizabeth Line on the other side of town, Thamesmead would be more connected to the city than ever before. This would unlock enormous potential and could be a real game-changer for this part of London,” added Peabody Chief Executive Brendan Sarsfield.
