The development is on the site of the former Boddington Brewery directly opposite Manchester Arena and Manchester Victoria station.

The plan is for the completed scheme to provide a community of apartments, duplex and penthouses.

Residents will have access to a private clubhouse offering amenities and services including a swimming pool, squash and basketball courts and a private cinema.

The asset is also set to include 30,000 sq ft of commercial space which will be home to boutique traders, independent restaurants and bars together with some office space.

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Construction of the scheme has commenced with cores for each block now complete and completion on track for 2026.

Jai Patel, managing director of ICG Real Estate, said: “This transaction offered us the opportunity to back a proven residential developer in a local market that they know incredibly well, in a sector where we have a long held conviction.

“Manchester’s local economy continues to offer great opportunities to its residents in terms of jobs, leisure and education and is a city we favour, with this being the second development deal we have agreed in the city in the past 18 months."