Major residential scheme gets £150m funding boost

FUNDING of up to £150m has been secured by joint venture partners Capital & Centric and Henry Boot Developments for the residential-led Kampus scheme in Manchester city centre.

US-based fund Ares Investment Management which has ploughed several billion pounds into projects in the UK is the company behind the deal.

Capital & Centric and Henry Boot become the preferred purchaser of the former Manchester Metropolitan University site measuring 2.3 acres near Piccadilly Station last March.

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