Thumbs up for Eider House at Piccadilly Basin
Approval has been granted for the second residential phase of developments at Piccadilly Basin in Manchester.
The green light has been given to Belgravia Living Group, a joint venture between Leeds and London-based property investment development company Town Centre Securities Plc and Highgrove Investment Group.
The 100,000sq ft building Eider House will comprise of 128 luxury homes. It will consist of two linked eight to 10-story buildings including a range of one, two and three-bedroom apartments and nine town houses.
Located on Ducie Street, adjacent to the Dakota Deluxe Hotel that is currently under construction, Eider House forms part of the popular mixed-use development, Piccadilly Basin. The 12.5 acre site includes office, residential, retail and leisure spaces along with a variety of secure CitiPark car parks.
Work is set to begin on Eider House following further progress on Belgravia Living Group’s first flagship building Burlington House, which will comprise of 91 apartments and is targeted for completion in mid-2019.
Alistair Smith, associate director at Town Centre Securities Plc and delivery lead for Belgravia Living Group, said: “The permission paves the way for our continued investment in our Piccadilly Basin estate.
“We believe the addition of Eider House, alongside other active developments currently on the site, Burlington House, The Dakota Deluxe Hotel and the exclusive AVRO development in our former Brownsfield Mill, will make a positive step change to this part of Manchester.”
Richard Lewis, property director at Town Centre Securities Plc, said: “At TCS a key part of our ten year strategy is to recycle capital and invest in our existing assets within our portfolio. That’s why we’re continuing to invest in our Piccadilly Basin mixed-use scheme, which is in a prime location adjacent to both Piccadilly Station and the Northern Quarter area of the city. It is a much sought after location and remains an important regeneration project for TCS.
“We believe the addition of Eider House, with its strong residential offering, will add to the mix and vibrancy of this sought after area, bringing to market quality homes for rent.”
