London-based real estate firm Tri7 has acquired the Vision site on Whitworth Street West in Manchester for £16 million.

Tri7 aims to revitalise the prime city centre location, which has been vacant for years despite attempts by various developers and investors. Samuel Castle, a partner at Tri7, commented: “10-12 Whitworth Street West is in a prime location for new homes in the heart of Manchester city centre, and yet has remained vacant for years as a succession of developers and investors have been unable to make it viable. As an opportunistic investor with a bed-led strategy, and an asset manager adept at unlocking complex planning challenges, we’re looking forward to continuing to work closely with Manchester City Council and the community as a whole to transform this vacant site into new homes and a contributing part of Manchester’s economy.”

The project, which was initially planned as a 35-storey, 327-apartment scheme, may be developed as planned or redesigned under Tri7’s management. The acquisition aligns with ongoing trends in property investment and infrastructure development in Manchester, reflecting the city’s dynamic real estate market. Tri7’s move could also tie into broader property construction networking events, showcasing Manchester as a key player in the UK’s real estate sector.

Tri7’s collaboration with student developer Fusion on similar projects in London, Leeds, and Loughborough hints at potential future partnerships for this site. This acquisition might be a focal point at upcoming real estate networking events in Manchester drawing attention from investors and industry professionals interested in Manchester’s evolving property landscape.

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