ICG Real Estate provides €117m development loan to Salboy

ICG Real Estate, the real estate division of ICG, has provided a £100 million (€117 million/$126 million) loan to Salboy Limited to fund the development of a major 556 build-to-sell residential scheme in Manchester’s Green Quarter district.

Sitting on the site of the former Boddington Brewery directly opposite Manchester Arena and Manchester Victoria station, Waterhouse Gardens is well located to easily access the city’s core retail, leisure and employment districts by foot, including the vibrant Northern Quarter and Manchester College’s new city center campus. The completed scheme will provide a community of high-spec apartments, duplex and penthouses. Residents will have access to a private clubhouse offering high-end amenities and services including a swimming pool, squash and basketball courts and a private cinema. The asset will be complemented by 30,000 square feet of commercial space, which will be home to boutique traders, independent restaurants and bars tog