PRS firm appointed to manage £700m Middlewood Locks
SCARBOROUGH International has appointed the private rented sector operator LIV Group as its residential management partner for its Middlewood Locks development in Salford, the new residential and commercial neighbourhood at the western gateway to Manchester’s central business district.
The £700m Middlewood Locks project will provide more than 2,000 new homes for the city region.
LIV will be responsible for the mobilisation, lease-up and operational management of the residential estate, where the first phase of 571 homes will complete at the end of next year.
Overall, Middlewood Locks will deliver a new mixed-use neighbourhood, combining city living, green space and community spirit.
In total, it will provide 2,215 new homes [designed for the Private Rented Sector (PRS)], and more than 750,000 sq ft of commercial space, including offices, hotel, shops, restaurants, convenience stores and gym.
LIV, based in Leeds and Manchester, has spent the past two years working alongside the team at Scarborough focusing on design detail and operational delivery with a focus on creating a unique new neighbourhood for residents.
A comprehensive masterplan is in place for the residential and commercial estate, centred around fantastic canal basins to offer waterfront living and significant public realm.
Simon Marshall, joint chief executive of Scarborough, said: “LIV’s approach is unlike other managers with a creative and innovative team who have a real understanding of marketing and customer engagement.”
Graham Bates, chief executive at LIV Group, added: “We have enjoyed a fantastic relationship with the team at Scarborough Group over the past couple of years and we are extremely excited and proud to be appointed to manage what will become a unique living environment for our future residents. We will change the way people rent with a culture of customer service at the centre of everything.”
Middlewood Locks is being developed by FairBriar International, a joint venture between Scarborough, Hualing Group (based in Urumqui, Xinjiang, China) and Metro Holdings, a Singapore-listed property development and investment group.
The project is designed by architects, WCEC Group and construction is being undertaken by Beijing Construction and Engineering Group.
