This Outcomes Statement is designed to help current and potential investors understand how the loan portfolio at Sourced Capital has performed during the most recently reported trading period.
The investment group Sourced, the largest property investment network in the UK, have today announced the acquisition of a £150M development site known as Regent Plaza Manchester.
Stephen Moss, Managing Director at Sourced said “We are delighted to announce today the purchase of this site in one of the most thriving cities in the UK. Having completed developments across the country with our network and with the additional support of our peer to peer platform, we are in a unique position and are very excited about this development and the creation of over 100 jobs in the local area.”
Regent Plaza is a landmark residential development on the edge of Regent Road, Salford. It is strategically located adjacent to the Middlewood Locks Project and is a stone’s throw away from Manchester City Centre. The site will benefit from existing local amenities and will link together with other schemes being developed and built out in the area.
Located in an emerging creative quarter, the development delivers new contemporary living space for the ever-increasing young and professional market. The development comprises 5 individual blocks surrounding a central open space with both seating and social areas. Regent Plaza comprises 525 units being released over 5 blocks and includes 1, 2 and 3 bedroom apartments and well-proportioned 3 bedroom townhouses.
Sourced Director Chris Kirkwood said “We are proud to bring this fantastic luxury development scheme to life. The demand for properties is increasing and the private rental market is rapidly rising, so the project once completed will boost the community and add an attractive aspect to this location in relation to the city.”
Heading up the unit sales department and with a wealth of knowledge on the development, Joanne McCormack has now joined Sourced as Sales Director. Sourced, an FCA regulated business have 50+ offices across the UK are launching the project at the beginning of March 2019 and have already started works on site. The development will start with sale prices of £135,000.
For more information visit https://sourceddevelopments.co/regent-plaza-manchester/ or email [email protected].