ICG Real Estate provides £100M development loan to Salboy
ICG Real Estate provides £100M development loan to Salboy

ICG Real Estate provides £100M development loan to Salboy

Construction of the scheme has commenced with cores for each block now complete and completion still on track for 2026.
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RE+D magazine
27.03.2024

ICG Real Estate, the real estate division of ICG, has provided a £100 million loan to Salboy Limited to fund the development of a major 556 build-to-sell residential scheme in Manchester’s ‘Green Quarter’ district.

Sitting on the site of the former Boddington Brewery directly opposite Manchester Arena and Manchester Victoria station, Waterhouse Gardens is well located to easily access the City’s core retail, leisure and employment districts by foot, including the vibrant Northern Quarter and Manchester College’s new city centre campus. 

The completed scheme will provide a community of high spec apartments, duplex and penthouses. Residents will have access to a private clubhouse offering high end amenities and services including a swimming pool, squash and basketball courts and a private cinema. 

The asset will be complemented by 30,000 sq ft of commercial space which will be home to boutique traders, independent restaurants and bars together with some office space. Construction of the scheme has commenced with cores for each block now complete and completion still on track for 2026.

Salboy is an award winning developer with a strong track record of delivering high quality residential schemes.