Construction News

11/02/2015

Renaker To Build Almost 800 Homes In Manchester And Salford

Almost 800 homes for private rent are to be developed in Manchester and Salford.

Housing Minister Brandon Lewis announced the multi-million pound deal through the government's £1 billion Build to Rent scheme.

Under the terms of the agreement, developers Renaker will receive £55 million to build 779 new homes across 2 sites in Manchester and Salford.

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Each site will include a mix of 1, 2 and 3-bedroom properties. Work is already underway, and is expected to be completed by the middle of next year.

Minister Lewis said: "Millions of people use the flexible option of renting so I’m determined to create a bigger, better private rental market offering greater choice for tenants.

"This extra money will not only create 800 more homes for the people of Manchester and Salford, it will also create jobs and security for hardworking people – a vital part of our long term economic plan to secure a better future for Britain."

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