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Irwin Mitchell Advises Developer On £55 Million Pound Finance Facility For Old Trafford Apartment Scheme
Development In Iconic Location To Go Ahead
National law firm Irwin Mitchell’s Banking and Finance and Construction departments have assisted developer Cole Waterhouse in securing a £55 million finance facility enabling it to build a 354 residential apartment scheme close to the home ground of Manchester United.
The funding was secured from Fortwell Capital and will enable the construction of the development with completion due in the first quarter of 2021.
No 1 Old Trafford will be in an iconic location, with excellent transport links to the city centre and with Salford Quays over the river.
The Irwin Mitchell team was led by partner Dean Gormley, assisted by Senior Associate Hayley Johnson, Solicitor Samantha Lowerson and Associates Emily Sinclair and Sarah Phillips.
“The deal illustrates the appetite for regional development opportunities, particularly in booming cities such a Manchester with a growing professional population. It will be very exciting to see this development get out of the ground.” Dean Gormley - Partner