Date: June 2018
Location: St. Michaels Square, off Deansgate, Manchester, UK
Name: Five star hotel – TBA, in a 39 story buildings
No. of Keys: 216 rooms plus 189 apartments
Buyer: Gary Neville’s (ex- Manchester United player) £200m plans for a major scheme in Manchester city centre have been given the green light by the Government.
The landmark mixed-use redevelopment project St Michael’s will go-ahead – after the Secretary of State confirmed that the application will not be called in.
The consortium of investors behind the project include former Manchester United player Gary Neville and his team-mate Ryan Giggs.
Neville said he was “excited” to have received the green light.
The former defender turned property developer said: “We are delighted that the Secretary of State has decided to not call in our revised plans for St Michael’s and that the vision for this landmark mixed-use scheme will be realised.
“It’s been more than a decade since the idea to regenerate a strategic city centre location was first considered – and our whole team is very pleased that we can focus on delivering this project for Manchester, bringing new high-quality development that will enhance the city’s position both nationally and internationally.”
The St Michael’s development off Deansgate on Jackson’s Row will contribute more than £80m to the local economy and £147m in tax revenues over ten years.
The same economic impact study for the scheme estimated that St Michael’s will create close to 1,500 jobs – with a further 270 employed throughout the construction phase.
THPT Comment: This will be Neville’s and Giggs’ third hotel project and shows them to be serious players in the property and hotel sector.
First Seen: The Business Desk