A £227m funding deal has been agreed that will pave the way for a major development in Manchester city centre.
Real estate development lending platform Precede Capital Partners, alongside global financial services group Nomura, as provided the four-year whole-loan facility to Downing Living for its planned scheme in First Street.
The development is expected to include 1,790 apartments across three buildings. Phase one is scheduled to be completed in August next year with the second phase due in March 2025. The tallest building will rise to 45 storeys.
