Miles Platting Urban Development PFI
The 264 acre area two miles east of Manchester City Centre includes 2,200 houses owned by the Manchester City Council.
LOCATION : Northern England
SERVICE : Transaction Management Consultancy
VALUE : USD 203,680,320
CLIENT : Semparian
TYPE : Residential
This includes all of Miles Platting, and parts of Ancoats and Collyhurst, totaling an area from the border of Ancoats Urban Village and New Islington to Hulme Hall Lane, Oldham Road and Bradford Road.
The project entails demolition of around 30% of the properties in the poorest state of repair and suffering low demand. These being predominantly council houses, mostly built in the sixties and seventies. The remaining units are currently undergoing refurbishment.
The project forms part of the wider East Manchester regeneration area, where the Commonwealth Games, New Deal for Communities and other schemes have brought millions of pounds of improvements to people’s homes, the environment and local facilities.
Benefits of the Miles Platting Neighborhood PFI include every home being brought up to the same high standard, including, new kitchens, bathrooms, rewiring, windows or additional services where needed. People living in multi-storey blocks will also benefit with new insulation, lifts and modernized hallways.