Wates Residential was appointed as the contractor for the Manchester Housing Investment Fund project through the HCA’s Delivery Partner Panel and was responsible for the master planning and delivery of a £24m new build residential scheme across five sites, providing 240 much needed family homes for sale and high quality market rent.
Funding was secured as part of a joint venture between Manchester City Council and the Greater Manchester Pension Fund, showcasing a new and innovative partnership model.
- 60% local labour
- 67% local supply chain
£20.5m of economic, environmental and social value generated by the project
Wates Residential’s unique offer included Wates Assured Homes, its BIM-designed affordable house types. And thanks to this approach, start on site from a red line boundary was achieved within twelve months.
Manchester businesses received a £12m boost due to the project and 45 unemployed local people secured work and training. Wates also invested £141,377 into community regeneration projects and charitable grants, with £45,930 invested into social enterprises.