Podium is a £120m GDV scheme being delivered by means of developer Glenbrook and primary contractor Domis Development with 440 residential condominium gadgets in Trafford, Larger Manchester.
The primary section is because of whole in spring 2026 having been below building for the reason that first quarter of 2024 as a part of a ahead investment settlement between Glenbrook and Moorfield.
Moorfield, a UK actual property fund supervisor has entered a three way partnership with Larger Manchester Pension Fund (GMPF) to broaden, personal and perform the advance.
The 440 houses can be organized throughout 4 constructions and a central podium, with a spread of housing sorts to be had, together with residences and townhouses aimed toward younger execs and households. All citizens could have get entry to to flooring and podium-level facilities; resident lounges, reception spaces, co-working area, a fitness center and studio, roof terrace, cycle garage and a 200-space automotive park.
Podium is inside of Lumina Village and bureaucracy a part of the Trafford’s 55-acre Civic Quarter masterplan. The masterplan will see as much as 4,000 new houses delivered along new public realm, inexperienced area and over 500,000 sq toes of blended business area.
Podium represents Moorfield’s 3rd BTR funding in Manchester, with earlier investments together with The Trilogy in Castlefield (offered in 2021) and Duet in Salford Quays (offered in 2022), which have been section 1,000+ house BTR portfolio assembled between 2012 and 2017.
Moorfield Workforce leader funding officer Charles Ferguson-Davie mentioned: “This transaction allows us to recycle capital into different compelling alternatives we’re seeing inside of UK dwelling actual property. There’s a long-standing structural demand-supply imbalance, and a necessity for brand new housing of various tenures and typologies.”
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