Maslow completes £18m loan for Trafford Gardens development

Lender Maslow Capital has completed an £18m facility to UK construction specialist Linear Group to develop a mixed-use scheme in Old Trafford, Manchester.

The 24-month loan will help build Trafford Gardens, comprising 116 apartments, 3,450 sq ft of commercial space, parking with 17 undercroft spaces, and 149 cycle parking spots. 

Located two miles southwest of Manchester city centre, the development will feature a roof garden on the ninth floor and a courtyard to provide communal living space for residents.

Linear Group will also develop an additional 33 affordable units on site, which will be sold to a local housing association.

Rachael Gordon, head of deal execution at Maslow Capital, commented: "Manchester continues to be a success story in the UK.

“Its growing student population, economic resilience, and cultural richness make it an attractive destination.

Linear Group was introduced to Maslow by Sophell Real Estate Finance

“Trafford Gardens is a project that addresses the city's housing undersupply while catering to the needs of its residents."

Stephen Holmes, CEO at Linear Group, added: "We are delighted to progress this project with the support of an experienced funding partner such as Maslow.

“We look forward to the positive impact Trafford Gardens will have on the local economy and its contribution to addressing the city's housing demand."

Russell Jowett, owner at Sophell Real Estate Finance, commented: “The Linear team has been nothing short of first class, and we're fully confident they'll deliver an excellent product.

“This was a complex deal and we worked extremely well with Maslow throughout the process.”

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