UK: Maslow Capital has completed on a £26.4 million loan to Select Property Group to fund the development of the CitySuites 2 project in Salford, Manchester.
The development will feature 142 serviced apartments and five “super suite” residential apartments with an average size of 2,815 square feet.
The scheme will be operated by Select’s CitySuites serviced apartment brand – its second in the area – and residents will benefit from a 24-hour concierge service, swimming pool, spa, resident’s events, meeting and amenity space with a fully equipped gymnasium.
Ellis Sher, co-founder and CEO of Maslow Capital, said: “We were delighted to assist our client in the delivery of their serviced apartment scheme. This is a sector along with hotels that we are focused on and where we have a number of new schemes coming to market later this year.”
Select Property Group says the project was “created for Manchester’s VIP residents, business travellers and tourists. CitySuites Manchester changed luxury accommodation in Manchester. Residents and travellers now want more. That’s why CitySuites 2 was created. CitySuites 2 will replicate every detail that made CitySuites Manchester the huge success it is today. Outstanding service. Superior facilities. All the qualities Manchester’s VIP community now expect as standard, blend effortlessly into this second development.”
Maslow lends across a wide range of real estate assets across the UK, providing development facilities from £5 million with no upper limit.</p
