UK and International real estate developer and investor Scarborough International Properties and Beijing Construction Engineering Group International today celebrated a milestone in the construction of the second phase of Middlewood Locks, the exciting new mixed-use development in Salford at the gateway to Manchester city centre.
A ‘topping out’ ceremony took place on the roof [at the top] of the final building in the second phase of the development, which consists of four separate buildings of up to 10 storeys providing 546 apartments, with the buildings connected by podium gardens. The award-winning new neighbourhood is home to over 650 residents and counting, with 94% of homes sold in the first two phases.
There is a mix of tenures available; rental with Get Living, Help to Buy and open market sale. There are a large number of owner occupiers living in Middlewood Locks with the majority purchasing through the Government backed Help to Buy scheme. The typical demographic of purchasers is young professionals, families, downsizers, bank of Mum and Dad and some investors.
The whole of phase two was sold in January last year as part of a £180 million deal with a joint venture of Delancey Oxford Residential (DOOR), APG and Qatari Diar, which acquired over 800 homes in phases one and two for renting under their Get Living brand. Get Living launched its first 275 homes for rent at New Maker Yards within Middlewood Locks last summer.
The development, designed by architects Whittam Cox and landscape architects Planit, also includes ground-level parking and landscape gardens providing connectivity with public realm and park space surrounding the canal, which forms the central feature to the new neighbourhood. Already open at Middlewood Locks is a Seven Brothers beer house and a Co-op convenience store.
Guests, including Salford City Mayor, Paul Dennett, and members and officers of the Council, witnessed the planting of a yew tree (traditionally planted on roofs to ward off evil spirits) and then anointed the tree with wine, corn, oil and salt to bring prosperity, wisdom, abundance and hospitality to the development and its residents.
In October 2018, Beijing Construction signed a multi-million-pound construction contract with Middlewood Locks developer, FairBriar International, a joint venture partnership between Scarborough, Hualing Group of China and Singapore-listed Metro Holdings, and building work started on phase two in September 2018.
The 25-acre Middlewood Locks development is now a vibrant waterside neighbourhood where the two great cities, Salford and Manchester, meet. When completed, it will provide 2,215 new homes and 900,000 sq ft of commercial space, including offices, hotel, shops, restaurants, a convenience store and gym. With landscaped areas of green public space, the scheme is being developed around three large basins of the Manchester, Bolton and Bury Canal which connect to the River Irwell and is a short walk from the central business district and retail amenities of Manchester city centre.