Maslow Capital

Maslow completes £123m development facility for two residential towers in Manchester



Maslow Capital has announced the completion of a £123m development facility to finance the construction of two residential towers in Manchester.

The scheme is estimated to have a GDV in excess of £230m.

Matt Pigram, partner and deal originator at Maslow Capital, said: “Despite a large increase in supply over the past few years, our market research shows an ongoing shortfall of supply of residential dwellings in the Manchester region.

Maslow Capital

“As a lender, we are delighted to see a residential development of this scale under construction by a proven developer that is fully committed to meeting the housing demand in the city.”

The project will comprise two towers reaching 21 and 52 storeys respectively and provide a combined total of 664 residential units. 

The taller tower will offer 360-degree views across the city. 

Residents will benefit from facilities including a resident’s lounge, a rooftop garden, a co-working space and a swimming pool on the 44th floor.

Ellis Sher, CEO and co-founder at Maslow Capital, added “We are delighted to be supporting the delivery of a scheme of such scale and quality by such an accomplished and experienced developer. 

“Despite the political and economic uncertainty, all the parties involved have done what they said they would do and remain focused on the delivery of this important project. 

“It’s easy to lose sight of the housing shortages that many parts of the country face with all the Brexit noise around us.”

This deal marks Maslow Capital’s 11th facility in Manchester.


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