Construction News

22/11/2023

SRMCV Forms Joint Venture With Logik Developments

Sir Robert McAlpine Capital Ventures (SRMCV) and Logik Developments have formed a Joint Venture (JV) to develop a £110 million Build to Rent (BTR) project on Arundel Street in Manchester.

The development, located in the Castlefield basin, opposite the Deansgate Square Towers, is expected to contribute to the regeneration of the area and bring significant social value and sustainability benefits to local communities.

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This is a key milestone towards the delivery of this BTR scheme, after Logik obtained planning consent for the development in 2019. The Joint Venture is now working to secure a forward funding partner to develop out the scheme.

Robert Wotherspoon, CEO of Sir Robert McAlpine Capital Ventures said: "Today marks the beginning of another significant project for SRMCV. This fantastic project in the heart of Castlefield reinforces our strong track record of successfully delivering BTR schemes across England. We greatly look forward to the start of our partnership with Logik Developments."

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