14February

RFS LANDS NQ RESIDENTIAL CONTRACT

Raised Floor Solutions has been awarded the contract to provide steel decking and concrete floors for a major new residential apartment building in the heart of Manchester’s creative district.

Located on Tib Street, opposite Manchester shopping landmark ‘Afflecks Palace’, Citu NQ (also marketed as SYNQ) will offer 183 apartments over eight storeys including a rooftop garden plus ground floor retail space.

Citu NQ is the result of a partnership between Factory Estates and Salboy, the development company owned by Salford born billionaire bookie, Fred Done.

The contract will see Raised Floor Solutions’ steel decking division, Metaldeck, supply and install 16,016m2 of Kingspan Multideck MD50. Concrete Flooring Division Metcon will then move in to design, supply and install 140mm concrete slabs reinforced with A142 mesh.

Citu NQ is being marketed to attract owner-occupiers and individual buy-to-let investors, and is one of the few apartment schemes currently under construction in the city that has not been pre-purchased by Institutional/Private Equity PRS funds.

Property agents Savills have predicted a 19.3% rise in 2018 on central Manchester property prices with availability rates currently at just 5%, according to Deloittes.

Salboy has recently changed the marketing name for the scheme to SYNQ.

 

Posted by Jackie  Posted on 14 Feb