JLL advises on sale of scheme for £6m

Deal done

The residential investment and development team at JLL in Manchester has sold One Lord Street in the city’s Green Quarter to Delph Property Group for £6m on behalf of a private client.

One Lord Street is a 0.57-acre site has planning permission for a scheme comprising 192 apartments and 67 parking spaces. The development includes 16 three-bed, 128 two-beds 47 one-bed and a four-bed unit.

Robert Hogarth, residential investment & development director at JLL, said: “The sale of One Lord Street highlights the continued competitiveness of the Manchester land market with serious interest in the site shown from not only from local and national developers but also from international players.’’

Nick Belkin, head of acquisitions, Delph Property Group, said: “We are delighted to be delivering another development in Manchester. Decades of inward investment and regeneration projects have made the city a real destination for young professionals, and demand for high-quality city centre apartments is at an all-time high.

“Because of the success we are experiencing at our scheme next door that we are currently selling, the Hallmark, we know Manchester’s Green Quarter is an especially popular location due to its wide selection of amenities and great transport links. We are confident there will be similar interest in One Lord Street.”

Delph Property Group will work once again with Fortis Developments as contractor to deliver the scheme.