A search to find the funding to back the construction of a £200m student accommodation tower has been launched.
Developer Dominus has hired Savills and Gerald Eve to find a forward funding partner for the Medlock Tower scheme in Manchester city centre.
The building, which was approved by Manchester City Council in June, will provide 1,014 beds and be built on a site currently occupied by a Premier Inn.
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The scheme is a joint venture between the developer and Whitbread and construction is scheduled to start in April 2024.
The development is expected to be completed for the start of the 2027/28 academic year.
Preet Ahluwalia, principal director of Dominus, said: "We are pleased to be launching this forward fund opportunity to the market, together with our joint venture partners, Whitbread.
"We have worked tirelessly over the last two years, together with our consultant teams to secure a planning consent and look forward to casting our attention to delivery."
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Lizzie Beagley, director in Savills Operational Capital Markets team, added: "We are very excited to take on this high-profile forward funding instruction for Dominus, which will deliver high quality student accommodation to a significantly undersupplied city."
Jason Nearchou, partner at Gerald Eve, said: "This scheme will deliver the much-needed high quality accommodation that students expect in today’s market, while focusing on the ESG and building standards required by global capital."