Property round-up: Redrow; Moda, The Lexington; Acresfield; ACC Liverpool Group; Peel L&P; Liverpool Waters; Your Prestwich

CGI of Tabley Green plans

North West housebuilder, Redrow, has acquired a parcel of land for 42 homes to expand its successful Tabley Green development in Fulwood, near Preston.

To be known as Foxgloves at Tabley Green, the new phase of Redrow’s development is adjacent to The Orchards at Tabley Green and sits to the east of Tabley Lane.

Due to be released for sale in spring 2023, it will feature a range of detached three- to five-bedroom homes from Redrow’s arts and crafts-inspired Heritage Collection. With energy efficiency built into the fabric of the design, to improve insulation and reduce heat loss, the homes will also benefit from solar (PV) panels and electric car charging points.

The 5.6-acre parcel of land is the most recent of Redrow’s acquisitions at Tabley Green in Fulwood, which has been a focus of ongoing investment by the homebuilder.

Karl Longworth, land director for Redrow Lancashire, said: “Like our previous phases at Tabley Green, Foxgloves has been planned around our placemaking principles to create a better way for residents to live. It will offer generous detached homes, all with spacious private gardens, and surrounded by green open space, mature trees and wetland areas, so homeowners can enjoy nature on their doorstep.

“The new phase will also generate more than £900,000 of direct investment in the local community through Section 106 agreements linked to the planning application. This includes around £590,000 towards community infrastructure, almost £280,000 to Preston City Council for offsite affordable homes provision, and £40,000 towards a potential toucan pedestrian crossing on Tom Benson Way.”

Foxgloves at Tabley Green will eventually have direct access to the North Preston East West Link Road, due to open in 2023. Once operational, the link road will provide quick access to the new Preston Western Distributor Road and new M55 junction.

Work will begin at Foxgloves at Tabley Green early in 2023.

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Moda, The Lexington

Moda, The Lexington, the second build-to-rent neighbourhood from developer operator Moda Living, has reached full capacity.

The Liverpool neighbourhood was the first to be delivered by Moda in its prime build-to-rent housing platform with Apache Capital, Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, and NFU Mutual. Moda works with a number of institutional funding partners across a number of different managed residential platforms.

The 325-home neighbourhood opened in September 2021, with 40% of its apartments pre-let, predominantly through social media. The building reached 65% capacity in the first four months of opening with occupancy growing throughout 2022, before reaching full capacity in mid-November.

Moda, The Lexington’s strong performance was proven in October when it was refinanced with a new £70m loan facility from Deutsche Bank, which was secured by investors Apache Capital, Harrison Street and NFU Mutual.

One of the tallest buildings in Liverpool, rising 34 stories with exclusive views over the waterfront and The Three Graces, The Lexington forms part of Peel Land & Property’s £5bn Liverpool Waters regeneration project, one of the largest of its kind in Europe. Its fully furnished homes come with low-energy Samsung appliances and electronics in a mix of studios and one-, two-, and three-bedroom interior designed homes.

Dan Brooks, co-founder and director of Moda Living, said: “The phenomenal performance of Moda, The Lexington is testament to the hard work of the team, underpinned by vast and consistent demand for high quality homes for rent with amenities and services that put lifestyle at the heart of city living.

“The success of Moda, The Lexington also furthers our confidence in the resilience of the BTR model in times of economic uncertainty. We’re confident this neighbourhood and our portfolio of homes across the UK will continue to thrive as residents wake up to a new generation of renting that puts their needs and requirements first.”

John Dunkerley, co-founder and CEO of Apache Capital, said: “The Lexington was the first operational scheme in our joint venture with Harrison Street and NFU Mutual as capital partners and Moda as the developer/operator, the success of which is clear evidence of the pent-up demand for high quality rental housing.”

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Acresfield

International real estate advisor Savills, has let additional space to Ultimate Performance at Acresfield, a refurbished office building located at St Ann’s Square in Manchester’s city centre.

The personal training business has renewed the lease for its global headquarters on the sixth floor and upsized its space taking an additional 1,616 sq ft at £25 per sq ft on the third floor, bringing its total space in the building to 6,145 sq ft.

Situated on St Ann’s Square in the heart of Manchester, Acresfield provides modern, open plan Grade A workspace across six floors. Having recently upgraded the communal on-site facilities the building offers communal meeting facilities and first class shower and changing facilities. The scheme benefits from its central location, with an array of retail and leisure amenities nearby, as well as being easily accessible from both Piccadilly and Victoria Railway stations.

Daniel Barnes, director in the office agency team at Savills Manchester, said: “Ultimate Performance’s commitment to further expand its business in Acresfield is testament to the quality and the amenities the building has to offer. The scheme has recently received substantial improvements and we only have one suite currently available where we look to announce positive news soon.”

OBI is joint leasing agent.

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ACC Liverpool – picture Ant Clausen

The ACC Liverpool Group has appointed heating, ventilation and air conditioning installation and maintenance specialist Kimpton Energy Solutions in a bid to continue with its pledge to reduce the site’s carbon impact.

With a commitment to working with local suppliers to support the Liverpool economy, the organisation – operator of the M&S Bank Arena, ACC Liverpool and Exhibition Centre Liverpool – will work alongside Kimpton Energy Solutions to manage and maintain the entire facilities management programme at the landmark waterfront event campus.

The alignment in social value goals mean this appointment is not just one that will provide a practical service, but the innovations proposed will support The ACC Liverpool Group in working towards the UN Sustainable Development Goals, which are the blueprint to achieve a better and more sustainable future for all.

Additionally, as Kimpton has been installing heat pumps since the 1970’s when it played a key part in helping Walkers Crisps and Golden Wonder develop the UK crisp industry, this long history and culture of innovation has resulted in it being involved in the development of two UK firsts in renewable technology. First, with TATA Steel where it helped develop the first Transpired Solar Collectors in the UK which pre-heats air for the ventilation system. Secondly, it designed and installed the UK’s first Water Source Heat Pump in open sea at Plas Newydd, Anglesey for the National Trust.

Just some of the innovative solutions Kimpton will be looking at implementing include minimising the carbon impact of the M&S Bank Arena Arena through the potential installation of a transpired solar collector (TSC) on the south wall, which uses the power of solar radiation to pre-heat the air for a building’s heating system, minimising the energy therefore required to heat the venue.

Eddie dos Santos, assistant director of operations and facilities management at The ACC Liverpool Group, said: “Social value is at the heart of everything we do and Kimpton Energy Solutions is a proudly Liverpool company with values and passion for the city that match our own. We are focused on minimising our carbon impact across our campus – we appreciate that there are a number of challenging elements that we need to work through, but we are confident that Kimptons will provide innovative solutions and support us as we navigate this process.”

Matt Breakwell, business development manager at Kimpton, said: “We look forward to working with the team to further reduce the carbon impact of the heating and ventilation system, provide the highest quality maintenance, and innovative measures to install carbon-friendly solutions.”

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Redbridge Quay

Wirral estate agent, Jones & Chapman, has been appointed by Peel L&P to market and sell the highly sustainable two-, three- and four-bedroom, modular homes now complete at Redbridge Quay, Wirral Waters.

Arthur and Doreen, from Liverpool, have become the very first residents to move into the new development, which includes a mix of ‘Town House’ and ‘Row House’ modular homes, designed by Liverpool architects Shedkm.

Jones & Chapman has offices based in Prenton and Wallasey and is part of the national estate agency network, Sequence (UK). The estate agent will market more than 350 homes which will make up this development, with the first phase of 30 homes now complete.

Located in the emerging Northbank neighbourhood at Wirral Waters, the waterside development is surrounded by beautiful Grade II-listed grain warehouses, a new pocket park, green landscaping and new public realm, including dockside walkways.

The development, previously known as East Float, has now officially been named as Redbridge Quay due to its proximity to the famous red bridge in the north east corner of Wirral docks. It follows Peel L&P taking over the whole development from Urban Splash earlier in the year.

Richard Mawdsley, Peel L&P’s director of development for Wirral Waters, said: “This is a very exciting residential development for the Wirral as it will bring the very latest in sustainable housing design and innovation to the area which will be a huge appeal for so many families looking for a sustainable, energy efficient home.”

Claire Scott, land and new homes director for the North and Scotland, Sequence Homes, said: “Wirral Waters is one of the most exciting regeneration projects in the UK presently. More than just residential units, this project is designed to make long lasting impact in the local vicinity.”

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Princes Dock

KPMG has made a major investment in a new high quality working environment as the professional services firm signs a new lease to stay in the prestigious Princes Dock neighbourhood at Liverpool Waters.

KPMG wanted to find a business solution that not only provided adaptability for its staff but a sustainable provider that meets its ongoing environmental initiatives. Having reviewed the local market, KPMG has chosen to remain at Liverpool Waters.

The entire commercial estate at Princes Dock has been reverified as operationally Net Zero for some years, offering Grade A commercial space connected to the city centre, and surrounded by water, new public realm, café’s, bars, restaurants, leisure facilities, gyms and more.

KPMG’s new refit includes new spaces for collaboration to support hybrid working, client facilities and a refreshed interior to complement the office’s views of the River Mersey.

From 2023 the commercial buildings at Princes Dock will also be connected to Liverpool Waters’ District Heat Network that will provide low carbon, cost effective heat and power, further enhancing the sustainability credentials.

Liza Marco, assets manager at Peel L&P, said: “Our customers are demanding quality sustainable working environments for their staff in the context of a more flexible hybrid approach to working. With unique access to the water, new public realm, and a growing community of cafés, bars and other amenities on the doorstep, demand for space at Princes Dock is strong.”

Jennifer Lee, office senior partner for KPMG in Liverpool, said: “A revamped office space will help us to attract, retain and develop the best talent. As well as a raft of internal promotions following a successful external recruitment drive, we’re growing our teams at all levels and are keen to continue to grow. We want to attract the best talent in the market and are looking for people who share our vision and values.”

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Prestwich proposals

Nationwide placemaker, Muse, and Bury Council have announced dates for the first community conversation on plans to create a new destination for Prestwich.

Your Prestwich is a £100m project that will transform the Longfield Centre.

The community conversation will formally launch in January and provide information on the emerging vision and concept designs for the regeneration of Prestwich Village centre.

Opportunities to participate include:

  • Attend a drop-in session on Sunday, January 29, 2023, 11am-3pm at Prestwich Library, Longfield Centre, Prestwich, Manchester M25 1AY, where the project team will be on hand to discuss the scheme
  • Sign up for an online Q&A at www.yourprestwich.com on Wednesday February 1, 2023, 6:30pm – 8:30pm where you can learn more about the plans and ask the project team questions
  • Register your interest in attending a stakeholder workshop at www.yourprestwich.com
  • Complete an online questionnaire www.yourprestwich.com that will go live in January 2023
  • Fill in a freepost questionnaire in a newsletter being delivered to all Prestwich addresses in January
  • Email info@yourprestwich.com
  • Call 0800 689 1095
  • Write to ‘Freepost HAVE YOUR SAY’ (no further address or stamp needed)
  • Follow social channels – Twitter @YourPrestwich | Instagram @yourprestwich | Facebook @YourPrestwich

The announcement of the 2023 conversation follows Bury Council and Muse forming the Prestwich Regeneration joint venture last month to accelerate the transformation of the Longfield centre.

Stuart Rogers, project director at Muse, said: “We know that the local community is excited to get involved in shaping the future of Prestwich Village so it’s great to be able to set out our plans for the first community conversation early next year.

“This is a once in a generation opportunity to deliver a new beating heart for Prestwich that appeals to everyone, delivers significant local benefits through investment and jobs, and solidifies the village as one of the most sought after places to live in the region.”

Cllr Eamonn O’Brien, leader of Bury Council, said: “These are huge proposals which will transform the heart of Prestwich and ensure it thrives for decades to come. It’s essential that everyone plays their part in making it a success, so please come along to the consultation meetings, view the plans and give us your views.”

The first conversation will end on Friday, March 17, 2023, with the feedback being used to help the JV develop the vision for Prestwich Village. The JV then plans to hold a further conversation on the detailed proposals for Your Prestwich in summer 2023 before submitting a planning application by autumn 2023.

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