Vinci starts work on £185m Morgan Sindall development
Vinci Construction UK is to start on the £185m Manchester city centre scheme after Morgan Sindall’s urban development company Muse agreed a deal to fund the work.
New Victoria, a mixed-use scheme including 450,000 square foot of residential space, will be located next to the city’s Victoria train station and is a partnership between Muse and Netowrk Rail.
It will feature 520 new homes across two buildings made up of 20 and 25 storeys, including 178 one-bed, 286 two-bed and 56 three-bed apartments on the site. Morgan Sindall announced this morning that an institutional investor is forward funding the residential phase of the scheme for an undisclosed sum.
The residential phase of the scheme is set to be completed in 2023.