The £130 million scheme is being delivered by Muse Developments, with support from Network Rail and Manchester City Council.
Adjacent to Manchester Victoria railway station, New Victoria’s residential phase will comprise 520 homes in two buildings, one of 20-storeys and one of 25. This will include 178 one-bed, 286 two-bed and 56 three-bed apartments. Pension Insurance Corporation plc (PIC) - a specialist insurer of defined benefit pension funds - will forward fund the 450,000 sq ft residential phase for its first Build to Rent scheme.
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The first phase of residential development will deliver some of the best amenity space in the region, including a state-of-the-art gym, communal lounges, cycle storage and a rooftop garden. The building fronting Corporation Street will feature retail space on the ground floor, car parking as well as public realm improvements.
Muse announced in 2019 that Manchester City Council had received a Housing Infrastructure Fund grant from Homes England, the government’s housing agency, to accelerate the delivery of the infrastructure needed to unlock the 2.5-acre site on Corporation Street.
Garry Bowker, regional director at Vinci Construction UK said: "It's been a great team effort throughout the pre-construction stage to finalise the design, agree the contract and secure the project start date. This will be an extremely high-profile project on a very prominent site in Manchester City Centre and will significantly increase VINCI Construction UK’s profile in the Manchester market. We are also delighted to be working with Muse again following the successful delivery of Warrington Time Square."
Works are due to be completed in 2024.
