Conversion of the upper floors of three historic city centre buildings into 14 luxury apartments in an excellent location in Central Manchester.

GDV: £5,066,000

Status: Site purchase completed 1st March 2019.

Investor return:

Fundraises:

Phase/Fund raise 1: 10% (3% until 1/3/19 then full interest rate from 1/3/19 onwards)

March 2019 General Update:

-Things are continuing to move ahead well and on schedule

– The bat survey has now been completed. Definitively no bats present!

-Work on the site is expected to begin at the end of April

-Everything is still currently on track for a 9-month build

– A lot of interest has been generated so far

February 2019 General Update:

-We have now completed on the site purchase and investors in phase 1 have been advised that their full interest calculation start date is 1st March 2019.

January 2019 General Update:

-Contracts have been exchanged for the site, and we are due to complete the purchase on Thursday 28th February.

-The design work has been completed – including a proposed extension to create 2 more apartments and a roof terrace.  These plans have been submitted to the council and we expect a decision in around 8 weeks (c. end of March).

-We are working on a final cost sum analysis before appointing our main building contractor who will take possession of the site at the beginning of March (subject to completion).