Maslow was pleased to have provided a £128.5m loan to leading property developer, operator and investment specialist Select Property. The facility will be used to bring forward Select Property’s landmark One Port Street residence in the heart of Manchester’s vibrant Northern Quarter.
One Port Street represents the first residence under Select Property’s new flagship brand, the Prestige Collection, which aims to redefine city centre living through its focus on luxury amenities and resident experience. The development will bring 477 premium apartments to the city on its completion in 2025.
The deal marks the second occasion Maslow Capital has supported Select Property, having previously funded the development of CitySuites II.
One Port Street aims to redefine and set new standards for luxury city-centre living. Its grand lobby will be reminiscent of a hotel, centred around a 360° firepit with concierge service, ensuring a warm welcome for all. There will also be a 2,000 sq ft leisure suite featuring a private swimming pool and spa pool, a state-of-the-art gym and separate fitness studio. Residents can also enjoy a 7th floor rooftop terrace and resident lounge overlooking the city, with casual space for working, relaxing and socialising.
Significant planting at the development will also create over 22,000 sq ft of public green space, helping to integrate communities and to create a better connection between the Northern Quarter, Ancoats and Piccadilly – as well as promoting greener travel with EV charging points and cycle storage.
Matt Pigram, Senior Partner at Maslow Capital, said: “One Port Street is an excellent addition to Select Property’s impressive portfolio that sets new benchmarks in residential living.
“This ambitious project reflects Maslow Capital’s unwavering commitment to the UK’s housing sector and to supporting large-scale projects that are critical in addressing the nation’s housing shortage.”