A £40million funding deal has been struck for a flagship residential development in Salford. Liverpool-based Legacie Development has secured the cash from ICG Real Estate for Embankment Exchange in the city's Greengate district, which has a gross development value of £85m.
The 300-unit apartment project will boast a spa, gym, residents lounge and bar, work-from-home booths and a 24-hour concierge. Legacie says the 36-storey development will help bring an impressive new tower to Greater Manchester's skyline.
The Salford scheme is being promoted by the international sales agent, RWinvest, who have successfully pre-sold 80 per cent of the new homes off-plan. The development funding is ICG’s first major deal with the Liverpool company.
