Allied London bidding to attract residential developer for Trinity Islands

Property developer Allied London is seeking a residential developer for the first phase of its Trinity Islands project – part of its ambitious £1.35bn St John’s neighbourhood vision for Manchester.

The Trinity Islands development consists of about 1,400 homes and 150,000 sq ft of commercial, leisure and education space.

The first phase, including 1,000 residential units and commercial and leisure space, will also feature Manchester’s and Western Europe’s tallest residential tower – with a resolution to grant consent and approval as part of the Strategic Regeneration Framework for the city.

The development masterminded by Allied London – the company behind Spinningfields and the 500-unit Left Bank Development – is situated on the part of the site surrounded by Wilburn Basin and One Regent Square, bounded by Trinity Way, at the gateway to Manchester city centre.

Allied London chief executive Michael Ingall said: “When we developed the residential element of Spinningfields, the 500 unit Left Bank Development, we adopted the same process; following planning consent approval we sold a long lease to an experienced, well known residential developer to build the development, keeping the commercial element.

“I hope we can do something similar here for this really exciting new development, although our priority is to see the site developed now, and I am sure there will be interest from well-known and established residential developers.”

CBRE has been instructed to market this first phase to the residential development market.

Tom Sinclair, of CBRE’s UK development and residential capital markets team, said: ”Trinity Islands phase one presents a rare opportunity to secure a prominent development site in Manchester city Ccentre.

“Interested parties will benefit from Allied London’s wider redevelopment of exciting mixed-use neighborhoods at Trinity Islands and St John’s.”