Stockport site acquisition completed for £100m residential scheme
Amstone Ventures has completed on a 3.28 acre site in Stockport town centre for a £100m build to rent-led residential development.
The site is situated on Warren Street, close to the old town market hall and square. The Sainsbury’s supermarket which has occupied the site since 1984 has now closed its doors.
Architect, Leach Rhodes Walker, is drawing up a plan for a landmark scheme of circa 550 high quality residential homes.
There will be a mix of apartments and town houses together with a large communal garden and surrounding greenspaces.
Deloitte has also joined the design team as planning consultant. Amstone aims to submit a planning application to Stockport Council later this year with a projected start on site early in 2022.
This site, in terms of scale and amenity, is ideally matched with the scheme that Amstone recently delivered at Clippers Quay in Salford for Grainger.
The same quality and sense of place will deliver an outstanding new district right in the heart of Stockport town centre. The provision of Amstone’s high quality residential product in the town will further enhance the area and provide much needed accommodation for those wanting to enjoy all that Stockport has to offer.
Amstone’s initial proposals for the site have been well received and it is confident in the vision for Warren Street.
Martin Halsey, operations director at Amstone Ventures, said: “Amstone has a range of build to rent developments across Greater Manchester. What these sites have in common is that they are in great locations with excellent transport links and incorporate high quality design offering city centre living to a wider demographic.”
Cllr David Meller, cabinet member for economy and regeneration at Stockport Council, said: “It is great to see the former Sainsbury’s site being brought back into use so quickly, which shows the confidence so many have in our town centre.
“Amstone joins the list of developers who are helping to deliver the regeneration of the town centre and this complements our ambitious plans for the town and our reputation as great place to live, work, enjoy and do business.”
Most recently, Amstone agreed a forward funding deal with One Manchester to deliver 96 new, modern residential units comprising seven townhouses and 89 apartments in Longsight, to the north of Manchester city centre.
Martin Halsey added: “Our developments cater for a range of occupiers, including families, couples, sharers and individuals.
“We can see that Stockport has untapped demand for quality homes within its town centre, offering a vibrant lifestyle and everything Stockport town centre has to offer, all on the doorstep.”