German property firm Patrizia has revealed plans to build
its first private rental scheme in Manchester in the First Street regeneration
area. The 500-home development will form the foundation of Patrizia’s plans for
a dedicated PRS fund, building on its significant European track record in the
sector, which already includes the management of 80,000 apartments worth €7bn. The
firm announced it had bought the 20-acre First Street site, which includes a
half-built 180,000 building, to further develop offices and residential on the
remainder of the site over the next 5-7 years. Read more on the Construction
Enquirer website.
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