Miles Platting Urban Development PFI

Miles Platting Urban Development PFI

IN TRANSACTION MANAGEMENT
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Investor Name:
Published Date:
January 1, 1970
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Value:
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About Project

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

OVERVIEW

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.