Prosperity on tap at Old Brewery Gardens with green light for £175m BTR scheme

The 556-home development, named Old Brewery Gardens, is part of a wider regeneration on the site of the former brewery located opposite the Manchester Arena which closed in 2005.

The regeneration of the site will also feature 40,000 sq ft of retail and commercial space. Of the 556 homes being built, 375 will be built specifically for rent and the remaining 181 for sale.

The buildings will be clustered around a communal garden at the heart of the scheme, which will also be used intermittently as an open-air cinema. Other amenities will include a gym, residents’ lounges and rooftop terraces which will be used for outdoor yoga.

Ed Fowkes, development director at Prosperity Capital Partners, said: “Securing planning for Old Brewery Gardens is a momentous occasion for us as a business. Such a large project, with a diverse and exciting offering for both residents and the local community, will make a significant contribution to a Manchester that continues to thrive culturally and economically.

“Upon completion, Old Brewery Gardens will stand tall as a shining example of what genuinely mixed-use developments can bring to the regions. We understand that a catch-all housing solution won’t cut it for the booming regional cities and to continue growing, they need top drawer housing.”

Construction of the scheme will start on site in Q2 2019 with opening set for 2021. Old Brewery Gardens is Prosperity’s first BTR scheme in the regions and has been designed by Assael Architecture.

Félicie Krikler, director at Assael Architecture, said: “Now that the project has secured planning, Old Brewery Gardens is set to make a significant contribution to Manchester and the surrounding area, both culturally and economically. The scheme will deliver much-needed housing for those enjoying Manchester’s growing regional economy, while tying itself into the existing landscape and community.”