Mount Property Group acquire £150 million Salford Residential Scheme
For Immediate Release
In 2018 Mount Property Group will break ground on a £150 million redevelopment of a prime site on Regent Road, providing 525 Homes on one of the main gateways into Manchester City Centre. Regent Plaza has a target completion date of 2019 for Phase 1 and 2020 for Phase 2. The Scheme will consist of a mixture of one, two and three bedroomed apartments and 37 City town houses.
The Regent Plaza site occupies a prominent location in Salford, on one of the main gateway routes into Manchester city centre and surrounded by existing amenities. In addition to offering an impressive appearance and part of the new skyline for visitors approaching Manchester, the development will cater to the thriving private rental market in the area and compliment other planned local developments.
Mount Property Group recently acquired the site with the benefit of planning approval for the Development. The current units will be vacant by the end of 2017 and works are scheduled to begin shortly thereafter.
The NorthWest based Developer have numerous schemes in progress throughout the Liverpool & Manchester, equating to around £300million of current works. A spokesperson for Mount Property Group said:
“Regent Plaza represents a vibrant regeneration scheme for a key area of the City, where the private rental market is particularly buoyant and demand for well appointed properties is increasing. It is strategically located to benefit from existing local amenities and to link together with other planned residential development schemes in the vicinity, as well as standing community infrastructure. Regent Plaza is situated on a major thoroughfare between the M602 and Manchester city centre, this is a convenient location, offering living arrangements to suit everyone from single professionals to families. In its development stage, the scheme will provide a boost for the local economy by acting as a major new employer for the area. On completion, Regents Plaza will bolster the community and add an attractive aspect to the eastern approach to the city.”
For more information: