Renaker and Select partner up at Crown Street
Acting on behalf of developer Renaker, Select Property Group will be delivering the marketing and international sales of flats within a 52-storey tower at Crown Street, the latest project to start on site within Manchester’s Great Jackson Street regeneration area.
Now named Elizabeth Tower, the 52-storey building totals 484 apartments, and is set to be built next to a 21-storey block, in total delivering 664 flats.
Facilities available to residents will include a gym, rooftop gardens, a pool on the 44th floor, and 24-hour concierge.
The partnership between the two active Manchester developers was revealed as the flats were launched for sale internationally via Hong Kong sales agent Ashton Hawks, offering an estimated 7% gross yield to potential buyers.
According to a spokesperson for Select, the agreement between the two companies means Renaker is still delivering the construction and development, while Select is acting as the branding, marketing and exclusive global sales arm.
The SimpsonHaugh-designed project has been advanced to this point by Renaker, who started enabling works at the site over the summer months.
Renaker has already established a reputation for its ability to deliver large-scale residential buildings, with the first towers within its 1,500-apartment Deansgate Square project at nearby Owen Street closing in on completion.
Select has progressed various projects in Manchester and beyond under a suite of brands, with Vita covering luxury student accommodation, Affinity delivering PRS and CitySuites operating aparthotels. It has also launched its Origin residential brand.
Source: Place North West