Monday, 10 November 2014
Scarborough begins “Hat Box” residential scheme in Manchester (UK)
The McCabe family’s Scarborough Group International, the UK and international real estate investor and developer, announces that construction has begun of the “Hat Box”, a residential development in New Islington, Manchester.
The “Hat Box”, which has a gross development value of £30 million (€38 million), is being developed by FairBriar International, a joint venture between Scarborough, Top Spring International Holdings Limited, a Hong Kong-listed real estate developer in the People’s Republic of China, and Metro Holdings Limited, a Singapore-listed property development and investment group.
The “Hat Box” is the second phase of Milliners Wharf in New Islington and will, on completion, provide 144, one, two, duplex and three-bedroom apartments across two contemporary new buildings adjacent to Milliners Wharf. Completion of the first apartments is anticipated to be early in 2016 when the first residents will take up occupancy of their new homes.
Nicola Wallis, Sales & Marketing Director at Scarborough, said: “The Hat Box will provide 144 fantastic new homes in the popular residential area of New Islington. Each of the apartments will have a high specification and have been designed to maximise light and space. We are delighted to have started on site and we are looking forward to launching the apartments for sale next year.”
FairBriar International, the joint venture between Scarborough, Top Spring International Holdings Limited and Metro Holdings Limited is also developing Middlewood Locks, another major residential development with mixed uses located at the western gateway to Manchester city center and centered around the former Manchester Bolton & Bury Canal. Middlewood Locks, which has a gross development value of £575 million (€732 million), will provide a vibrant new neighbourhood with up to 2,000 homes along with commercial facilities, including offices, shops, delis, restaurants, a convenience store, a nursery and a gym.
The two developments are being delivered by Scarborough’s new Manchester office, which is now registering customers’ interest for the new homes at the “Hat Box” at www.headtohatbox.co.uk.