Cole Waterhouse

Cole Waterhouse appoints BTR Capital Partners to find funding partner for 290-apartment scheme

Developer Cole Waterhouse has appointed BTR Capital Partners to help identify a funding partner for its Anchorage Gateway BTR scheme in Salford Quays.

In April, the 290-apartment scheme was submitted for reserved matters planning, which includes 15,000 sq ft of resident amenity, including an 18th floor event space.

The 244,955 sq ft building will comprise a mix of one-, two- and three-bedroom apartments across 27 floors of residential accommodation, plus ground and mezzanine floors.

It was designed by Chapman Taylor and features a residents’ roof terrace which will give panoramic views across the cities of Manchester and Salford.

Nick Wiggans, director at BTR Capital, said: “We’ve been working with Cole Waterhouse on Anchorage Gateway in an advisory capacity since early stages of design and planning and it’s great to now be in the position to be actively marketing it to the investment community. 

“Cole Waterhouse has created an exemplar BTR scheme for the region and we have already had a significant level of interest from investors.”

He stated that the BTR sector had remained resilient during Covid-19, with rental income and cash flow strong, compared with retail, leisure, and office investments.

“In fact, our analysis shows that we expect investor interest in quality BTR schemes like this to increase post Covid-19.”

Damian Flood, CEO at Cole Waterhouse, added: “The appointment of BTR Capital Partners to assist in bringing in a funding partner takes Anchorage Gateway another step closer to delivery. 

“They are specialists in the BTR sector and have extremely strong links with major institutional investors in the UK and overseas.”

Leave a comment