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Moorfield Group and Greater Manchester Pension Fund partner on £120m BTR development in Trafford



Moorfield Group has, on behalf of Moorfield Real Estate Fund V, entered a JV with Greater Manchester Pension Fund (GMPF) to develop, own and operate Podium, a £120m GDV BTR asset in Trafford, Greater Manchester.


The investment by GMPF into Podium has been completed through the Greater Manchester Property Venture Fund, which is advised by CBRE.

Podium, a 440-home scheme, is being delivered by developer Glenbrook and main contractor Domis Construction.

The first phase is due to complete in Q2 2026 following start on-site in Q1 2024 as part of a forward funding agreement between Glenbrook and Moorfield.

The 440 homes will be arranged across four buildings and a central podium, with a range of housing types available, including apartments and townhouses aimed at young professionals and families.

All residents will have access to lounges, reception areas, a co-working space, a gym, roof terrace and a 200-space car park.

At least 95% of homes will attain a minimum EPC B rating and net-zero operational carbon will be achieved through a full electrification of the scheme.

Podium forms part of the Trafford’s Civic Quarter masterplan which will see up to 4,000 new homes delivered alongside new public realm, green space and over 500,000 sq ft of mixed commercial space.



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