Maslow Capital has finalised an £18 million lending facility to UK construction stalwart, Linear Group, earmarked for the development of a mixed-use project in Old Trafford, Manchester. The 24-month loan is the financial bedrock for the upcoming Trafford Gardens, which will encompass 116 residential apartments, 3,450 square feet of commercial area, 17 undercroft parking spaces, and provisions for 149 cycle parking spots.

Situated a mere two miles southwest of Manchester’s bustling city centre, Trafford Gardens is designed with a roof garden on the ninth floor and a courtyard, envisaged as communal living spaces for residents, adding a touch of greenery amidst urban living.

In a bid to address affordable housing, Linear Group has also delineated plans for 33 additional affordable housing units within the site, which will subsequently be sold to a local housing association, amplifying the project’s social impact.

Rachael Gordon, the Head of Deal Execution at Maslow Capital, expressed her optimism about Manchester’s continuous growth, citing its burgeoning student population, economic robustness, and cultural vibrancy as pivotal factors making it a desirable locale. She lauded Trafford Gardens as a significant stride towards alleviating the city’s housing shortfall while fulfilling the residential needs of its populace.

Stephen Holmes, the CEO of Linear Group, echoed Gordon’s sentiments, articulating his enthusiasm in advancing this project with Maslow’s financial backing. Holmes anticipates that Trafford Gardens will not only bolster the local economy but significantly contribute to mitigating the city’s housing demand.

The collaboration between Linear Group and Maslow Capital was orchestrated by Sophell Real Estate Finance. Its owner, Russell Jowett, praised the Linear team’s excellence and expressed full confidence in their ability to deliver an exemplary development. He acknowledged the complexity of the deal but commended the seamless cooperation between Maslow and his team, which was instrumental in bringing this project to fruition.

As the cityscape of Manchester continues to evolve, projects like Trafford Gardens, supported by collaborative financial arrangements, are setting a precedent in addressing urban housing needs while contributing to local economic and social landscapes.