Moorfield completes funding deal for Manchester BTR scheme
Moorfield Group has entered into its fourth development agreement with Glenbrook, on behalf of its Moorfield Real Estate Fund V, forward-funding a 440-home multifamily build-to-rent (BTR) development in Trafford, Manchester, England.
Moorfield — which acquired the site with full planning consent — and Glenbrook will deliver the 440 BTR units at Lumina Village, where an additional 199 units are being delivered by Glenbrook on behalf of Clarion Housing Group as Shared Ownership and Affordable Housing tenures.
Lumina Village forms part of the Civic Quarter Master Plan, where Trafford’s 55 acre Civic Quarter — less than half a mile from Manchester United’s Old Trafford football stadium and adjacent to Old Trafford cricket stadium – is being regenerated to provide up to 4,000 new homes, public realm, green space and 50,000 square meters (538,000 square feet) of new office and commercial stock. Plans include the redevelopment of 20 hectares (49.4 acres) of brownf