Maslow Capital has announced the successful completion of a c. €20.7m loan supporting Linear Group's development of Trafford Gardens, a residential scheme comprising 116 state-of-the-art apartments, located within Old Trafford, just a few kilometers southwest of Manchester city centre.
In addition to 116 homes, the project is set to create a vibrant hub that will include 320.5m2 of commercial office space, ample parking with 17 undercroft spaces, and 149 cycle parking spots. Embodying its name, the new development will feature a roof garden on the 9th floor and a thoughtfully designed courtyard, providing ample communal living space for its residents. To help address the need for more affordable housing in Manchester, Linear Group will develop an additional 33 affordable units on-site, which will be sold to a local housing association.
Sky Mapson, Director, Deal Origination at Maslow Capital, said: "We are pleased to have delivered for a highly professional client with strong ESG credentials. This project particularly stood out to us due to its community-centric design, which aligns with the urban living projects we actively seek to support."
Rachael Gordon, Head of Deal Execution at Maslow Capital, said: "Manchester continues to be a success story in the UK. Its growing student population, economic resilience, and cultural richness make it an attractive destination. ‘Trafford Gardens’ is a project that addresses the city's housing undersupply while catering to the needs of its residents."
Stephen Holmes, CEO at Linear Group, said: "We are delighted to progress this project with the support of an experienced funding partner such as Maslow. We look forward to the positive impact ‘Trafford Gardens' will have on the local economy and its contribution to addressing the city's housing demand."