Investors in a £99m project to build more than 400 apartments in Salford Quays have been warned they might not receive their full deposits back after the company behind the scheme entered administration.
Kroll was appointed to oversee DeTrafford Wavelength Ltd in August, the business through which the 26-storey scheme, featuring 421 apartments, was expected to be built.
However, no work has ever started on site since planning permission was granted in December 2019 and the company was forced into administration because of overdue debts. The wider DeTrafford Group is not impacted by the administration of DeTrafford Wavelength Ltd.
