Housing Growth Partnership (HGP) has committed £13m to a JV with McGoff Group to deliver the new Downtown Victoria North BTR scheme in Manchester.
The development is situated on a former gasworks on Rochdale Road and represents a key element of the wider Victoria North regeneration programme.
The 237-unit scheme consists of one-, two- and three-bedroom apartments and townhouses situated a 10-minute walk from the centre of Manchester.
The completed site will feature extensive landscaping, including a communal garden courtyard with seating areas, pocket square, and private gardens.
It will also offer a reception with spacious seating area and business centre, a 24/7 concierge service, a residents’ lounge, fully equipped gym, underground car parking, and bicycle storage.
McGoff Group will undertake all aspects of the delivery of the scheme with McGoff Construction acting as main contractor and McGoff’s sister company, Downtown Asset Management, operating the completed development.
Construction work has now begun and is scheduled to complete in late 2025.
This project represents McGoff’s second Manchester city centre development following completion of its 374-unit ‘Downtown’ development on the banks of the river Irwell in Salford in 2020.
John McKeon, investment director at HGP, commented: “Our investment with McGoff highlights the role that equity funding plays in getting housing projects off the ground across the UK during a high interest rate environment.
“McGoff has a great track record in the delivery and operation of schemes of this nature across the North West and we look forward to partnering on this and other developments.”
Chris McGoff, director at the McGoff Group, added: “We’re thrilled to have established a JV with HGP, to deliver Downtown Victoria North.
“We are confident this BTR scheme will prove popular with the discerning Manchester rental market.”
