Maslow Capital Secures £50m Financing for Manchester’s One Lord Street Residential Development

Maslow Capital, a specialist in real estate finance, has successfully arranged a £50 million two-stage financing facility for Linear Living. This funding will facilitate a significant residential development on Lord Street in Manchester, comprising both a pre-gateway bridging loan and a follow-on development facility.

Through its comprehensive range of financial products, Maslow Capital offers a streamlined approach to financing that aids sponsors by minimising redundant documentation and legal processes. This efficiency enhances the pathway from acquisition to project delivery.

The One Lord Street project will feature 251 apartments and townhouses, strategically located as a vital entry point into Manchester city centre. This development is set to play a crucial role in the long-term regeneration of the Green Quarter, with its proposed 23-storey structure marking a significant addition to the city’s skyline.

Additionally, the site is adjacent to the Strangeways and Cambridge Strategic Regeneration Framework area, a collaborative initiative between Manchester City Council and Salford City Council aimed at guiding future transformation and investment in the region.

This transaction represents the second occasion on which Maslow Capital has partnered with Linear Living, having previously provided £18 million for the Trafford Gardens project in Manchester.

Sky Mapson, Senior Director of Origination at Maslow Capital, stated: “Maslow Capital specialises in structuring finance that supports sponsors through each stage of the development cycle. Agreeing both phases from the outset, pre-gateway, gives sponsors a level of certainty that’s hard to achieve in today’s market. We’re particularly pleased to be working with Linear Living again following the successful funding and delivery of Trafford Gardens, and to support the team as it advances another prominent Manchester scheme.”

Rachael Gordon, Head of Deal Execution (UK & Europe) at Maslow Capital, remarked: “Manchester remains a focal point for sustained demand and institutional investment, with regeneration frameworks playing a pivotal role in shaping the next phase of growth in the city centre. In this context, projects benefit from financing that aligns with deliverability and sequencing, and we are pleased to support Linear Living as they move forward with their landmark development at Lord Street.”

Stephen Holmes, CEO of Linear Living, added: “Securing a cohesive bridge-to-development facility was essential for the progression of One Lord Street. Having bridging finance available at the pre-gateway stage, along with an agreed follow-on development facility upon receiving gateway approval, ensures certainty and propels the project forward. We appreciate Maslow Capital’s constructive, solutions-oriented approach and look forward to advancing proposals that will contribute to the ongoing regeneration of the Green Quarter.”