Cole Waterhouse has revealed plans for a £100m student village close to Wembley Stadium to house and support students of UCFB, the specialist sports university.
The 1.6 acre site, First Way, has been purchased in partnership with the Topland Group. The mixed use campus scheme will include four accommodation buildings offering 682 beds, a 300-person auditorium, seminar rooms, a gym and library. The campus will also provide space for flexible offices.
The campus will be located in the heart of the Wembley Park Regeneration Area, close to tube, overground and national rail stations.
The purchase closely follows Cole Waterhouse’s submission of planning on a residential scheme, No1 Old Trafford, near Manchester United’s Stadium.
First Way is Cole Waterhouse’s second scheme in the Wembley Park area, acquiring its first development in 2015. Chief executive Damian Flood signalled the firm was interested in exploring further opportunities in the area.
“We are aiming to bring a vibrant student campus for UCFB to this fantastic location that is surrounded by a world-renowned sports stadium, shopping outlets and entertainment venues,” said Flood. “We hope the First Way campus will also meet the needs for small businesses and start-ups providing flexible office space that is just a short journey from central London.”
Partners Topland have private cash reserves ready to help finance the scheme.
Lichfields has been appointed as planning consultant with Colliers acting as the investment agent. Grant Mills Wood is working as acquisition agent.
A full planning application is currently being devised with the aim of submission in mid- summer with a completion set for summer 2019.
CBRE’s UK development and residential capital markets team has been appointed to market a major apartment scheme in the Old Trafford area of Manchester.
Acting on behalf of developer Cole Waterhouse, the team has received an instruction for No 1 Old Trafford.
The scheme involves developing 354 apartments, retail space, communal gardens with a roof terrace, and public realm works. The project features 139 one-bed apartments, 211 two-bed apartments and four three-bed apartments across two towers rising 15 and 18 storeys high.
Steven Verity, CBRE’s northern head of UK development and residential capital markets, said: “To say this is one of the most exciting residential property prospects in Manchester is an understatement.
“1 Old Trafford is a key development in the sustained regeneration of Greater Manchester and the surrounding area, pivotal to both the commercial and domestic rejuvenation of the district.”
Damian Flood, chief executive of Cole Waterhouse, said: “We are looking forward to working with CBRE on our No 1 Old Trafford development.
“The location of this scheme and the proximity to the new Metrolink stop means buyers will have everything they need at their fingertips. We are bringing a vibrant new neighbourhood to Old Trafford and we have worked closely with our team to show what can be delivered in this location.”
Cole Waterhouse, the JV comprised of Real Estate Capital, Park Vale Capital and Lincoln Vale Florin, has revealed plans for a new £68m, 354-apartment scheme near Manchester United’s Old Trafford stadium.
The 214,000 sq ft scheme, next to Victoria Warehouse and the grade II-listed Trafford Road Swing Bridge, will be known as No 1 Old Trafford and will feature 139 one-bed apartments, 211 two-bed apartments and four three-bed apartments across two main buildings rising 15 and 18 storeys high.
There will also be ground-floor retail and 57 residential parking spaces along with rooftop terraces and a podium-level communal garden for residents. A full planning application with Trafford Council was submitted last week to demolish existing warehouse buildings to make way for the scheme.
The £68m scheme is 400 metres from the existing Pomona Metrolink stop and will be next to the new Wharfside stop that will link to the Trafford Centre when it completes in 2019. There are also wider public realm improvements planned for the gateway site.
Damian Flood, Cole Waterhouse CEO, said: “Through this development, we are aiming to bring a vibrant neighbourhood to this fantastic location. No 1 Old Trafford couldn’t be better placed for those who work and socialise in both Manchester city centre and outside the city as well.”
Trafford Council has set a determination deadline of 6 June 2017 for the scheme. CBRE are the investment sale agents on the project.
This is the second such mixed use scheme the JV has worked on with planning applications on three more sites scheduled in both Manchester and London later this year.
Plans to build a £68m apartment development rising up to 18 storeys high near Manchester United’s Old Trafford stadium have been given the go-ahead.
Cole Waterhouse has secured planning approval for No 1 Old Trafford, a 214,000 sq ft scheme next to Victoria Warehouse and the grade II-listed Trafford Road swing bridge, from Trafford Council’s planning committee.
No 1 Old Trafford features 139 one-bed apartments, 211 two-bed apartments and four three-bed apartments across two main buildings rising 15 and 18 storeys high. There will also be a ground-floor commercial unit, onsite amenities for residents including social space, a gym, and private dining facilities as well as 57 residential parking spaces. Residents will also have access to rooftop terraces and a podium-level communal garden.
The two buildings will be linked by a large concourse foyer at ground level.
A pair of distinctive 18-metre-high steel art sculptures, known as the Skyhooks, are located on the east and west sides of the plot and will be retained and enhanced as part of the scheme.
The plot is approximately 400 metres from the existing Pomona Metrolink stop and immediately next to the proposed Wharfside stop, which forms part of the network’s planned £350m extension to the Trafford Centre. This is set to complete in 2019.
There are also wider public realm improvements planned for the gateway site such as a link footbridge over to Salford Quays.
Cole Waterhouse chief executive Damian Flood said: “We are thrilled that No 1 Old Trafford has been given the go-ahead. This scheme will bring a vibrant neighbourhood to this fantastic location and we are looking forward to progressing with the construction now. There’s another No 1 at Old Trafford.”
Cole Waterhouse has chosen architect 5plus Architects, planning consultant Paul Butler Associates, project manager and cost consultant Mace Group and engineer Renaissance Associates for the project. CWC is working as mechanical and electrical engineer and Exterior Arch is working on landscaping. CBRE is the investment sale agents.
Steven Verity of CBRE, the scheme’s funding agent, said: “We are extremely excited to be working on this gateway development in such a strategic area. The scheme will provide exceptional residential accommodation, a vibrant neighborhood and much-needed public realm to the area for those who live in Manchester, Salford and Trafford.”
Cole Waterhouse is a joint venture between Real Estate Capital, Park Vale Capital and Lincoln Vale Florin.
Cole Waterhouse and the Topland Group have submitted a full planning application to Brent Council for their £100m student accommodation campus scheme near Wembley Stadium. Plans for the Wembley Park Campus scheme were unveiled earlier this month and include a combination of purpose built student accommodation as well as academic and outdoor space all ideally positioned within the heart of the Wembley Park Regeneration area.
Andre James, head of residential investment at Colliers International who are advising Cole Waterhouse on the funding of the Wembley Arena Campus, said: “This is an exciting milestone in the development of the project where we anticipate achieving planning before the end of the year and plan to be on site during the first quarter of 2018.”
Damian Flood, Cole Waterhouse CEO said: “This step, following so soon after our recent announcements in regards to the purchase of the 1.6 acre First Way site in Wembley, illustrates our commitment to delivering this scheme and our continued belief in the Wembley area which is fast becoming a hub of student, residential and commercial activity.
Wembley Park Campus will comprise academic accommodation including a teaching resource centre, a 300-person auditorium, seminar rooms, staff office space as well as student amenity areas including a café restaurant, student lounge, a gym, library/IT suite and student accommodation with 680 beds.
Further to this office space will be provided potentially for use by graduates or small and starter businesses. The development will be further enhanced by new public realm landscaping providing courtyard gardens for people working and living in the area.
The Wembley Park Campus will also benefit from its location close to three tube stations (one of which being 24 hours), Overground and two National Rail lines.
The Manchester and London based developer has chosen project manager Henry Riley, planning consultant Lichfields, investment agents Colliers and Fluid Solutions as engineers.
The scheme is due for completion in summer 2019
Cole Waterhouse and Topland Group are seeking £100m in forward funding for the First Way Campus, their 1.6 acre academic campus scheme in Wembley Park.
The site, which is currently under development, will provide academic accommodation including a teaching resource centre, a 300-person auditorium, seminar rooms and staff office space as well as student amenity areas including a café restaurant, student lounge, a gym, library/IT suite and student accommodation with 680 beds.
It is already 60% pre-let to The University College of Football Business, which is based in the nearby Wembley Stadium.
Office space will also be developed, potentially for use by graduates or small and start-up businesses.
Colliers International has been appointed to market the campus, which is due for completion in mid-2019.
Toby Nicholson, director at Colliers International, said: “First Way Campus is located in the heart of one of London’s primary growth areas, Wembley Park, which is fast becoming one of the most vibrant and desirable places to live and work in London thanks to the £2.5bn redevelopment of the area around Wembley Stadium.
“We are seeing strong demand for investment opportunities in this area and First Way Campus presents investors with a particularly exciting opportunity to get involved in an high quality development at early stage.”
Damian Flood, chief executive of Cole Waterhouse, added: “First Way Campus is one of our most exciting projects we are working on with Topland Group and is an illustration of our continued belief in the Wembley area which is going from strength to strength.”
Source: Property Week
Cole Waterhouse and the Topland Group have won planning for their £100m, 680-bedroom student campus scheme near Wembley Stadium.
First Way will include a combination of purpose-built student accommodation as well as academic and outdoor space in the Wembley Park Regeneration area.
Cole Waterhouse chief executive Damian Flood said: “This is a fantastic result for the whole development team behind First Way.
“We are committed to delivering schemes that create hubs of student, residential and commercial activity and First Way does just that. We are now working towards starting on site in early 2018.”
The plans include a teaching resource centre, a 300-person auditorium, seminar rooms, staff office space and student amenity areas including a café restaurant, student lounge, a gym and library.
The scheme is due for completion in summer 2019.
Developer Cole Waterhouse and international property investment firm IP Global are launching their £68m mixed-use apartment development No. 1 Old Trafford to investors across the globe. Cole Waterhouse, which has offices in Manchester and London, received planning for the 354-apartment development last summer. It is now working together with IP Global – which has underwritten the development – to promote the sales of the 173 apartments in the 18-storey tower to global investors and local residents…
A property specialist has been appointed to the £68m No. 1 Old Trafford scheme.
Cole Waterhouse, which is working on the project with IP Global, secured planning for the 354-strong development in the summer of 2017.
Having launched it to investors across the globe last week, it has now signed up LIV to manage site.
Located near Salford Quays and Media City, it will cover 214,000 sq ft and comprise 139 one-bed apartments, 211 two-bed apartments and four three-bed apartments across two main buildings rising 15 and 18 storeys high.
It will also include a ground floor commercial unit, on-site amenities for residents including social space, a gym and private dining facilities, and 57 residential parking spaces.
Cole Waterhouse will work with LIV, which acts as a specialist consultancy and manager for residential schemes and the private rented sector, both during and post-development. The latter will initially review the scheme and consult with Cole Waterhouse to ensure add value at the early stages.
Damian Flood, chief executive of Cole Waterhouse, said: “Appointing LIV is the next step in delivering the No.1 Old Trafford scheme. Graham and the LIV team understand how important it is for us to create one of the most exciting places to live in the UK.”
Graham Bates, chief executive of LIV, added: “As residential property specialists, the LIV team is looking forward to working with Cole Waterhouse on its Manchester-based scheme. At LIV we focus on every detail and this alongside with our passion for creating great environments for people to live will enable us to manage a scheme that is unlike any other in the area.”
Source: Insider North West
Property Developer Cole Waterhouse and investment company Topland Group have forward-sold their 680 bed student campus in Wembley to Unite Students for £98m.
First Way Campus, situated within a few minutes’ walk from Wembley Stadium, will include a combination of purpose-built student accommodation as well as academic and outdoor space.
The new development will form part of the £3bn Wembley regeneration project. Cole Waterhouse will remain involved in the development of the campus following the deal.
Damian Flood, chief executive of Cole Waterhouse said: “We are delighted with the funding of First Way Campus. Our aim for this development was to produce an opportunity for investment into a quality student development that students would actually want to live in.”
The campus will include seminar rooms, staff office space as well as student amenity areas comprising a café restaurant, a gym, and library/IT suite. Further office space will be on offer to graduates or small and starter businesses, along with landscaped gardens for people working and living in the area.
Cole Waterhouse has said it is actively looking for large scale mixed-use development opportunities across all major UK cities.
Source: Property Week
Property developer Cole Waterhouse has broken ground on its £98m student campus scheme in the heart of Wembley.
The development, known as First Way, will comprise 678 student beds, seminar space, staff offices, a library, gym facilities and a cafe-style restaurant.
It will also offer open-market office space in 6,500 sq ft plates and landscaped gardens for residents.
Once complete in 2020, it will be used by students at the University Campus of Football Business (UCFB), which is based at Wembley Stadium.
An official ceremony to mark the construction milestone was attended by representatives of Manchester- and London-based Cole Waterhouse, together with contractor Bowmer & Kirkland, architects CZWG, UCFB and Unite Students, to which the scheme has been forward-funded.
Cole Waterhouse chief exec Damian Flood said: “It’s been great to be able to get everyone down here to mark First Way breaking ground.
“Our aim has always been to create a campus that will allow the students at UCFB to be able to make the most of what London and Wembley has to offer.”
He added: “It’s so close to transport links and all the regeneration that is happening across the borough will make it a seriously great place to study, live and work.”
Bowmer & Kirkland regional director Matthew Cruttenden commented: “The Bowmer & Kirkland team is delighted to be working with Cole Waterhouse to deliver these impressive facilities for UCFB and their students.
“Works on site are progressing well and we are looking forward to handing over the keys in July 2020 in readiness for the new academic year.”
CZWG Architects LLP partner Peter Leiper said: “It is great to witness this important milestone today on such an exciting project for us.
“This is Unite’s first fully modular scheme and CZWG’s design approach has developed the project in a way that will ensure a fast and efficient construction schedule on this tight urban site.”
He continued: “The completed campus will provide a range of facilities to enhance the student experience and add to the high level of teaching provided by UCFB, complimenting the exciting regeneration already taking place in the area.”
Jim Hendley, managing partner at Henry Riley LLP, which in on board providing cost and project management services to Cole Waterhouse, said: “The regeneration project at Wembley is one of the largest in the country and the Campus will have a great impact on the students as well as local residents and workers.”
We are working with Domis on the No 1 Old Trafford development.
Demolition of the existing buildings has now been completed by subcontractor PP O’Connor, clearing the way for Domis to start enabling works; Domis will be appointed main contractor during the enabling works package. Completion is set for 2021.
Read the full story here.
We are pleased to share we have secured funding from Fortwell Capital for the 354 apartments at No 1 Old Trafford.
The loan will enable the construction of the development, with completion scheduled for the first quarter of 2021.
Read the full story here.