Moorfield Group has, on behalf of Moorfield Real Estate Fund V (MREFV), entered a joint venture with Greater Manchester Pension Fund (GMPF) to develop, own and operate Podium, a 440-home build-to-rent (BTR) asset in Trafford, Greater Manchester, England.
The investment by GMPF into Podium has been completed through the Greater Manchester Property Venture Fund, which is advised by CBRE.
Podium, a £120 million (€137 million/$183 million) GDV scheme, is being delivered by developer Glenbrook and main contractor Domis Construction. The first phase is due to complete in second quarter 2026 following start on-site in first quarter 2024 as part of a forward-funding agreement between Glenbrook and Moorfield.
The 440 homes will be arranged across four buildings and a central podium, with a range of housing types available, including apartments and townhouses aimed at young professionals and families. All residents will have access to ground- and Podium-level amenities
