• July

    4

    2019
  • 143
GMI announces completion of luxury waterfront development project

GMI announces completion of luxury waterfront development project

GMI Construction Group, has confirmed the completion and handover of 91 luxury waterfront apartments delivered on time and on budget for Leeds- based property investor and car park operator, Town Centre Securities PLC (TCS).

The canal-side Burlington House scheme, which is being delivered in partnership with Highgrove Group, represents the first Private Rental Scheme (PRS) development to be undertaken by TCS and has been designed by internationally-acclaimed Architects SimpsonHaugh.

The development comprises 91 apartments of 1, 2 and 3 bedrooms set over 11 floors, and boasts a flamboyant design sitting within the 13-acre award- winning Piccadilly Basin development in Manchester City Centre. Piccadilly Basin is one of TCS’s most significant development opportunities with a mix of residential, commercial and car parking with a total estimated GDV of over £300m.

The delivery of Burlington House forms part of the wider regeneration aspirations for the strategic site, which include the redevelopment of existing and recently acquired office buildings and the next residential development, Eider House, which will be the second PRS scheme for TCS.

Speaking about the project GMI Divisional Managing Director Marc Banks said: “The Burlington House development is the second major, high profile project that GMI has been trusted to deliver within the Piccadilly Basin regeneration project. We are proud to play such a key role in that renaissance and especially so when it is of GMI’s longest standing and most important customers – Town Centre Securities.”

Edward Ziff, Chairman and Chief Executive of TCS, commented; “To be delivering our first ever PRS scheme represents an exciting time for TCS. Piccadilly Basin is a unique regeneration scheme with far-reaching development opportunities and is the natural home for a luxury apartment development of this nature. We will diversify our portfolio in response to market demand where we recognise opportunities and are anticipating strong interest in this new venture.”

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