22nd January, 2019
The project is being funded by a joint venture between Atlas Residential and IP Investment Management. The 19-storey tower will boast 238 apartments, a residents’ lounge, business lounge, gym, games room, and communal outdoor spaces right by the waterfront.
Together with investment manager IP Investment Management, the partnership acquired what is now The Green Rooms at MediaCityUK in September last year. This market-leading residential scheme is being delivered by MediaCityUK’s joint venture partners, Peel Land & Property Group and Legal and General Capital.
Located adjacent to BBC offices on the Manchester Ship Canal, directly opposite ITV’s ‘Coronation Street’, Manchester United’s Old Trafford stadium, and Imperial War Museum North, The Green Rooms is nearing completion.
Jonathon Ivory, Managing Director of Atlas Residential UK, said: “The Green Rooms is situated in the heart of MediaCityUK and is within minutes of some of the UK’s most visited attractions.
“We are pleased to announce that the 19-storey scheme will top out in early 2019 and are excited to be providing high quality apartments for Manchester and Salford’s growing population.”
He added: “MediaCityUK is integral to Greater Manchester’s regeneration story and we are delighted to be part of this. Providing a mix of spacious and well-lit one, two and three-bedroom apartments was always our aim and we are close to completing what has always been a community-focused vision.”
The Green Rooms will also include a gym with dedicated space for both yoga and pilates. In addition, this amenity will offer residents the opportunity to join and participate in a range of fitness classes. The business lounge will boast high-speed internet, sofas, coffee tables and work space.
Selina Williams, Executive Director of IP Investment Management said “We are delighted to have reached this key construction milestone in this, our first investment in the UK build-to-rent sector working with Atlas Residential. We look forward to seeing the realisation of Atlas’ vision when the building has completed and opens.”
Bouygues UK is the construction partner on the scheme, which is MediaCityUK’s first forward funded build-to-rent development.