The developers behind an 11-storey apartment building in Manchester owed nearly £50m when they entered administration, it has been revealed.
The Spinners Way development, named St George’s Gardens, was completed towards the end of 2020 and features 138 flats.
A total of 127 of the one and two-bedroom flats have already been sold. Administrator BDO is currently seeking buyers for the remaining units. The company owns the last 11 apartments which are valued at around £2.8m in total. It also owns a ground floor commercial unit at the development which is valued at £150,000.
