Bollin House completes £15m investment into Edge Street

PROPERTY company Agecroft Investments has finsihed off the £15m investment into the residential and business district in Manchester’s Northern Quarter with completion of new build Bollin House.

The Cheshire-based property investor and developer has fulfilled it pledge to regenerate Edge Street with the completion the six-storey new property consisting of ground floor retail premises and 14 luxury apartments on the upper five floors.

Agecroft made the decision to construct the building to meet rising demand from potential tenants after successfully letting all 31 apartments in its nearby Agecroft House.

Agecroft’s stated aim was to transform Edge Street into an attractive destination offering a diverse mix of residents, retailers, restaurateurs and other businesses that reflect the creative and alternative theme of the Northern Quarter.

It has owned certain properties on Edge Street for almost 50 years.

In addition to the residential offering there is now a wide range of restaurants, including  vegan junk food diner V Revolution from nearby Oldham Street, fried chicken specialist Yard and Coop and Parisien-style brasserie 63 Degrees.

The latest arrivals are in addition to the recently renovated Common, Home Sweet Home, Luck Lust Liquor, Burn, Teacup Kitchen and Terrace.

Demand from creative businesses for meeting rooms at co-working space and coffee house Ziferblat has also been satisfied.

Fraser Westbrook, managing director of Agecroft Investments, said: “We’re a genuinely long-term investor in Edge Street and the wider Northern Quarter having owned certain properties there for more than 50 years.

“Our strategic vision has allowed us to create a thriving and exciting community at the heart of the ongoing regeneration of the Northern Quarter as a hub for alternative culture including the music, fashion and creative industries.

“We’ll continue to show our commitment to the area’s immediate and longer term prospects with further financial investments.”

Agecroft’s long-standing presence in the Northern Quarter also includes ownership of the premises of Oi Polloi, Teacup, The Bay Horse, Marble and Terrace in Thomas Street and its next substantial investment there will be in numbers 52 and 28.

All Edge Street properties are managed on behalf of Agecroft by Manchester-based Scanlans Property Management.

Ian Stanistreet, partner at Scanlans, said: “The Northern Quarter is now firmly established as one of the most popular parts of Manchester and Edge Street is at the very heart of it.

“Scanlans have acted on behalf of Agecroft for over 25 years and have seen many changes in the area. These are exciting times for the Northern Quarter and we are delighted to have advised Agecroft throughout the investment programme.”